HashKey Exchange market summary
Centralized (CEX). Country Hong Kong. Established 2018. Trust rank 17. Reported 24h volume 1898.70 BTC.
Coverage: 27 active pairs across 19 tradable assets. Liquidity profile: High. Concentration: Concentrated. Execution quality: Tight. Top ten pairs share 99.5%. Key pairs include BTC/USD, ETH/USD, USDT/USD, BTC/HKD. Leading pair BTC/USD. Median spread on leading markets 0.11%.
Interpreting coverage and execution quality
Volume mix: USD is the largest tracked quote currency at about 78.2% of measured flow. Data scope: 29 tickers observed, with spread readings on 29 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage captures breadth across pairs and assets, which affects how resilient liquidity can be under changing demand. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
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