Hashkey Global Asset Launch Analysis: MERL and MSN Activities Achieve Single User Earnings of 148U and 268U

Launched less than a month ago, HashKey's global exchange Hashkey Global has delivered its first "April monthly exam report card."

As a leading compliant exchange globally, Hashkey Global was regarded by the industry as the "Eastern Coinbase" upon its launch, with high expectations. So, how has the initial performance been?

According to data from The Block, when Coinbase International launched in May 2023, its average daily trading volume was around $100 million. In contrast, Hashkey Global announced that just 22 days after its launch, it achieved over $3.6 billion in trading volume, with an average daily trading volume of approximately $163 million, surpassing the data from Coinbase International during the same period.

It is worth mentioning that Coinbase International supported trading of BTC and ETH contracts in its early stages, which constituted a significant part of its early revenue. However, Hashkey Global has achieved and even surpassed Coinbase's trading volume during the same period without having launched its contract products yet. Currently, about 48,783 users have submitted KYC applications on Hashkey Global, which now offers 22 selected mainstream assets. Various signs indicate that the current crypto market is more active, and users in the Asia-Pacific region have a strong demand for "compliant and user-friendly" exchanges. Hashkey Global has capitalized on this trend, delivering an impressive first report card.

In addition, another highlight disclosed in the monthly report is that Hashkey Global jointly launched 2 assets globally in April: MERL and MSN, both of which brought considerable returns to users.

Among them, Hashkey Global, as the global launch exchange for MERL, launched a frenzied "dual mining" event in mid-April. Users who completed a trading volume of 10,000 USDT or more on the platform would receive 100 M tokens. Based on the peak price of MERL at 1.48 USDT, a single user only needs to exceed a trading volume of 10,000 USDT to achieve a return of 148 USDT.

The activity for MSN was even simpler and more straightforward. Users who deposited 20 MSN would receive 40 MSN from Hashkey Global. Based on the peak price of MSN at 13.4 USDT, a single user could achieve a return of 268 USDT.

In addition to the above returns, Hashkey Global also conducted a Genesis trading competition simultaneously, allowing trading users to share in the HSK rewards and receive additional HSK bonuses.

In a market filled with "anti-harvesting," the user returns from this activity even exceeded those of other mature exchanges, making it quite eye-catching. How has HashKey Global become the preferred launch choice for major projects and carved out a unique path for new asset wealth effects as an exchange that has not yet reached one month of operation?

This is closely related to its unique industry competitiveness of being "compliant and user-friendly."

Typically, newly launched exchanges do not have an advantage in the fierce competition among exchanges due to the lack of network effects. However, as one of the dual flagship exchanges, HashKey Global benefits from the reputation of its sister compliant exchange, HashKey Exchange, which applied for a license in Hong Kong in 2019, officially obtained licenses 1 and 7 in October 2022, and upgraded its license on August 3, 2023. Currently, its trading volume has surpassed 420 billion HKD, making it the largest licensed exchange in Hong Kong. "Based in Hong Kong, globally licensed," the favorable business conditions in Hong Kong have laid a brand foundation for HashKey Global and successfully reduced the cognitive costs for project parties and users regarding the exchange.

Compliance has become one of the most important themes in this bull market. As a leader in industry compliance, HashKey Group's compliant exchanges are favored by quality project parties, gaining resource advantages and incentives.

Having discussed "compliance," let's talk about "user-friendly." Previously, there have been several compliant exchanges in the market, but due to regulatory and stringent review requirements, exchanges often have very strict limitations and high standards for the selection of listed assets, which can restrict opportunities for certain new tokens. Hashkey Global, however, obtained a license from Bermuda, a significant offshore financial and reinsurance center, this year, gaining access to relatively flexible regulation and a thriving ecosystem.

For most compliant exchanges, Hashkey Global has a lower KYC threshold, and the variety of tradable assets and gameplay is richer, making it easier for users to achieve direct wealth effects, which is another significant advantage.

Hashkey Global is gaining momentum and will soon launch more features such as Launch Pool and contracts. Early entrants will have the advantage.

About HashKey Global

HashKey Global is the global flagship virtual asset exchange under HashKey Group, providing licensed virtual asset trading services to users worldwide. HashKey Global has obtained a comprehensive license for the Digital Asset Investor Protection System issued by the Bermuda Monetary Authority (BMA), offering mainstream trading and service products such as LaunchPad, contracts, and leverage.

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Disclaimer: To comply with local regulations, HashKey Global does not conduct business in the United States, mainland China, Hong Kong, and certain restricted countries or regions. This material is for reference only and may not be distributed in or used by individuals in Hong Kong. This material does not constitute and should not be construed as an offer to buy or sell any financial products, nor should it be considered investment advice. Investing in digital assets involves risks. Investors should not make investment decisions solely based on this press release but should carefully assess their suitability for participating in any investment products based on their investment experience, investment goals, financial situation, and other relevant conditions.