HashKey Global overview
Decentralized (DEX). Country Bermuda. Established 2018. Trust rank 51. Reported 24h volume 10.58 BTC.
Coverage: 63 active pairs across 63 tradable assets. Liquidity profile: Low. Concentration: Diversified. Execution quality: Competitive. Top ten pairs share 20.6%. Key pairs include HSK/USDT, IO/USDT, SUI/USDT, TON/USDT. Leading pair HSK/USDT. Median spread on leading markets 0.39%.
Understanding activity and pricing
Volume mix: USDT is the largest tracked quote currency at about 98.3% of measured flow. Data scope: 63 tickers observed, with spread readings on 63 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration helps explain whether liquidity is diversified or tied to a handful of dominant pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. A lower top ten share points to more distributed activity across pairs, which can help diversify execution paths. When comparing venues, weigh breadth, concentration, spreads, and the key pairs list to match the venue to your execution style.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy