In the digital currency trading market, trading volume is one of the important indicators for judging the activity of an exchange. Recent data shows that the trading volume of HashKey Bitcoin Exchange in the Hong Kong Stock Exchange far exceeds that of Bybittt and OKX, and is close to or even exceeds that of the well-known Binance Exchange. This phenomenon has attracted widespread attention and heated discussions. What makes HashKey so strong? Let's explore this topic in depth.

From the perspective of trading volume, the performance of HashKey Bitcoin Exchange is really remarkable. Compared with its competitors Bybittt and OKX in the same industry, HashKey's level of activity and market appeal can be said to be unrivaled. What secrets are hidden behind this huge gap? Next, we will analyze it from multiple angles.

First of all, HashKey Bitcoin Exchange's unremitting pursuit of user experience and service quality is one of the keys to its excellent performance. As a digital currency trading platform, the quality of user experience is directly related to the user's trading experience and loyalty. HashKey has created a convenient and efficient trading environment for users by continuously optimizing the trading interface, improving trading speed and increasing trading pairs, attracting the favor of a large number of traders. In contrast, Bybittt and OKX may still need to improve their user experience, which also leads to the gap in trading volume.

Secondly, the marketing and publicity strategies of HashKey Bitcoin Exchange also contributed greatly. In the digital currency trading market, competition is extremely fierce, and how to attract more users has become a topic that every exchange is vying to discuss. HashKey has continuously expanded its popularity and influence by holding online and offline events and launching joint promotions with partners, attracting more users to trade. In contrast, Bybittt and OKX may not have invested enough in marketing, which has increased the difficulty of brand exposure and user acquisition, thus affecting the increase in trading volume.

In addition, the performance of HashKey Bitcoin Exchange in security and stability is also one of the important factors for its success. In the field of digital currency, security has always been the focus of users, and the security of an exchange is directly related to the security of user assets. HashKey has won the trust of users by introducing advanced security technologies and establishing a sound risk control system to ensure the security of user assets. In contrast, Bybittt and OKX have had security incidents that have damaged user assets, which has also affected users' trust in their exchanges, thereby affecting the growth of trading volume.

In summary, the reason why HashKey Bitcoin Exchange can have a trading volume in the Hong Kong Stock Exchange far exceeding Bybittt and OKX, and approaching or even surpassing Binance, is because of its unremitting efforts and performance in user experience, marketing and security. In the future, with the continuous development of the digital currency trading market, the competition between exchanges will become more and more fierce. I hope that each exchange can continuously improve its own strength and provide users with better services and a safer trading environment. Let us look forward to the more prosperous and healthy development of the digital currency trading market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BtC.coM): HashKey
Exchange is the first platform in Hong Kong to obtain license upgrades of No. 1 (securities trading) and No. 7 (providing automated trading services) after the Hong Kong virtual asset service provider licensing system was officially launched in June, allowing the business to expand from professional investors to retail investors.

According to the information on the Coingecko platform, HashKey
Exchange currently has 11 cryptocurrencies and 19 trading pairs open. It is worth noting that the exchange's trading volume surged 28.84% in the past 24 hours, reaching a staggering $4.21 billion at one point, which is almost close to the trading volume in the same period, and far exceeds the total spot trading volume of Bybit's $1.995 billion and OKX's $1.518 billion.

CoinGecko does not trust its BTC/USD trading pair data

Among them, BTC/USD is the most active trading pair, with a trading volume of about $3.48 billion in 24 hours, accounting for more than 80% of the exchange's trading volume.

However, Coingecko gave the lowest red light score to Hashkey's BTC/USD trading pair, indicating that it has the lowest liquidity, and the trust scores of the other 18 trading pairs are only medium.

On Coingecko, the trust scores of each trading pair are represented by green, yellow, and red from high to low.

HashKey Exchange Trading Pair Information

Experts speculate that market makers are brushing the volume to earn points

Industry experts speculate that the abnormal surge in trading volume of the exchange may be related to the large number of transactions made by market makers to obtain HSK rewards from the exchange.

According to the official website of HashKey
Exchange, the platform recently launched a new round of HSK reward activities for "manual trading". Specifically, users can get 2 HSK tokens as rewards for every $1,000 worth of trading volume completed.

In addition, the exchange also launched a reward activity for API transactions on September 1, among which the top 20% of users in terms of trading volume and users with a trading volume of more than $30 million within 30 days will receive up to 100,000 HSK rewards per month.

HSK tokens can be used to pay transaction fees, explore and empower the RWA market, and enjoy specific rights and interests in the ecosystem business. According to the roadmap published on the official website, HSK is expected to be officially launched in the second half of 2024, when early participants will be able to enjoy corresponding rewards.

The observed surge in trading volume is likely to be directly related to the above-mentioned incentive activities. However, there are also views that question whether the increase in trading volume caused by this incentive violates the relevant regulations of the Securities and Futures Commission of Hong Kong.