Licensed exchange HashKey Global April report: Over $3.6 billion traded in 22 days, surpassing Coinbase's volume for the same period
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Licensed exchange HashKey Global April report: Over $3.6 billion traded in 22 days, surpassing Coinbase's volume for the same period
Hashkey Global currently has approximately 48,783 users who have submitted KYC applications, achieved a maximum daily revenue of $540,000, and now offers 22 carefully selected mainstream assets.
Navigating Web3 tides with focused insightsLess than a month after launch, HashKey's global exchange platform, Hashkey Global, has released its first "April report card." The platform achieved a trading volume of $3.6 billion and surpassed 82,467 registered users, covering over 62 countries and regions.
As a globally leading compliant exchange, Hashkey Global was hailed by the industry as the "Eastern Coinbase" upon launch, drawing high expectations. So how has it performed in these early days?
In terms of launch metrics, according to The Block, Coinbase International reached a daily average trading volume of around $100 million when it launched in May 2023. In contrast, Hashkey Global announced $3.6 billion in trading volume within just 22 days of launch—translating to an average daily volume of approximately $163 million—surpassing Coinbase International’s performance during the same period.
Notably, Coinbase International supported BTC and ETH futures contracts at launch, which formed a major part of its early revenue. Hashkey Global, however, achieved and even exceeded this level of trading volume without having launched its derivatives products yet. Currently, about 48,783 users on Hashkey Global have submitted KYC applications, with peak single-day revenue reaching $540,000. The platform now offers 22 carefully selected mainstream assets.
Despite recent turbulence in the Bitcoin market—entering a two-month downtrend marking 2024’s longest losing streak—enthusiasm for new global exchanges remains undiminished. Signs indicate that crypto market activity is rising, and demand from Asia-Pacific users for “compliant and user-friendly” exchanges has become essential. Seizing this opportunity, Hashkey Global has delivered an impressive debut performance.
“82,467” and “28.15”
“82,467” refers to the number of registered users HashKey Global attracted within just 22 days of launch—over 82,467 users across more than 62 countries and regions. To further incentivize user acquisition, HashKey Global introduced token rewards: every newly registered user receives HSK, HashKey’s native token. This incentive strategy effectively boosted user engagement, driving a surge of new users to the platform and significantly increasing both activity and trading volume.
Equally noteworthy is “28.15,” representing the average time required to complete KYC verification on HashKey Global—just 28.15 minutes. Traditionally seen as a high barrier to entry, KYC has been dramatically streamlined by HashKey. While maintaining strict compliance and security standards, HashKey has enhanced its services and technology to achieve this industry-leading processing speed. This efficient, user-friendly experience extends throughout the entire trading journey, greatly improving overall user satisfaction.
HashKey to Continue Building Momentum
HashKey Exchange has firmly established itself in the Asian market. Leveraging extensive regional expertise, HashKey Global inherits the full suite of compliance, security, and audit solutions from HashKey Exchange—the largest licensed digital asset exchange in Hong Kong. It features key capabilities such as cold-hot wallet separation, asset insurance, independent audits, and dedicated banking fiat channels.
HashKey will continue expanding its global footprint. What will be its next strategic move?
With a compliant listing framework, HashKey Global has secured early-mover advantages in launching two new tokens (MERL and MSN). It will be the first global exchange to list Merlin Chain (MERL) and Meson Network (MSN). To celebrate the MERL listing, HashKey Global and the Merlin community have prepared exclusive events with a prize pool of up to 200,000 MERL. In collaboration with the Meson Network community, users can participate in special promotions offering an 18,000 MSN prize pool—simply by completing deposit and trading tasks to earn MSN tokens.
HashKey Group has officially entered the “dual flagship era” of licensed exchanges. Rooted in Hong Kong, HashKey’s exchange business operates as a model of “compliance export.” Its global success stems from the strong foundation laid in Hong Kong. A successful worldwide expansion would validate the viability of this “compliant model.” HashKey will continue refining its digital asset services, aiming to provide users with a secure, compliant, and easy-to-use financial “harbor.”
About HashKey Global
HashKey Global is the flagship global virtual asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global holds a full license from the Bermuda Monetary Authority (BMA) under its Digital Asset Investor Protection regime, and provides mainstream products and services including LaunchPad, futures, and leveraged trading. For more information, visit global.hashkey.com
Disclaimer: To comply with local regulations, HashKey Global does not serve users in the United States, mainland China, Hong Kong, or certain restricted jurisdictions. This material is for informational purposes only and should not be distributed in or to any person in Hong Kong. It does not constitute, and should not be construed as, an offer to buy or sell any financial product, nor should it be regarded as investment advice. Investing in digital assets involves risk. Investors should not rely solely on this press release when making investment decisions, but should carefully assess their suitability based on their own investment experience, goals, financial situation, and other relevant factors.
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