Cryptocurrency exchange HashKey clarified the abnormal increase in transaction volumes on the exchange last week.
According to CoinGecko data, at the beginning of last week approximately $400 million The trading volume of HashKey, whose volume is on December 1 up to $4.5 billion rose. Volume again on December 3 300 million dollars dropped to levels.
HashKey Group, which owns the exchange, became the first name to receive a license as a cryptocurrency trading platform in Hong Kong in August.
The transaction volume on the platform grows several times in a short time, wash trading will be possible had raised his suspicions.
HashKey Group announced that the increase in volume was due to the HashKey Ecopoints (HSK) it developed to encourage users. In the statement, “The increase in activity is a result of our recent campaigns for the HSK awards. At HashKey we operate strictly within the regulatory framework and any acts of abuse are not tolerated.” It was said.
In a campaign it introduced on social media on November 30, Borsa said: “Log in, trade and claim your share of HSK rewards!” He gave his message.