According to TechFlow, at the TON Gateway 2024 conference held in Dubai, Ben El-Baz, managing director of licensed exchange HashKey Global, announced that HashKey Global has submitted a license application to the Dubai Virtual Asset Regulatory Authority (VARA) and will soon disclose the latest progress. The exchange is also advancing preparations for European licensing.

Ben said that HashKey Global has benefited from the rapid growth of contract business since its launch half a year ago, and has ranked 7th in the CoinGecko global exchange rankings, becoming one of the fastest growing exchanges in the world.