HashKey Global, an international cryptocurrency exchange established by Hong Kong’s HashKey Group, has made a significant move into the futures market by introducing perpetual contracts for Bitcoin (BTC) and Ethereum (ETH).
The exchange announced its regulatory approval to offer futures contracts through an official press release on Wednesday. Having already obtained a license from the Bermuda Monetary Authority (BMA) for spot trading, HashKey Global has now expanded its regulatory coverage to include futures trading as well.
HashKey Global Launching Futures Trading
Effective from June 19, HashKey Global has commenced futures trading with BTC/USDT and ETH/USDT trading pairs. These contracts allow users to trade the leading cryptocurrencies with leverage of up to 10x, enhancing trading opportunities and potential returns.
To commemorate this milestone, HashKey Global has initiated a special “limited-time futures trading campaign” along with a “100% Invitation Rebate on Futures.” Participants in the campaign stand to earn rewards in HSK, the native token of the platform, which is scheduled for public listing later this year.
Campaign Details and Incentives
During the campaign period, users can earn up to 0.3 HSK for every 1,000 USDT traded. Moreover, those trading via API can compete for weekly transaction volume rankings, offering substantial rewards of up to 300,000 HSK for top performers.
Participants in the invitation rebate program will receive 100% of transaction fees generated by users they invite, further incentivizing community engagement and trading activity on the platform.
Addressing Market Challenges
HashKey Global aims to address common challenges in the futures market, such as conflicts of interest and price manipulation. The exchange ensures that user funds are segregated from its operational capital, safeguarding against potential misuse. By avoiding counterparty trading with customers, HashKey Global aims to provide a transparent and secure trading environment.
Ben El-Baz, Managing Director of HashKey Global, emphasized the exchange’s commitment to regulatory compliance and user security. He stated, “With regulatory approval and the official launch of futures trading, HashKey Global will provide a sophisticated and seamless trading interface and a secure, regulated asset environment.”
Recognition and Growth
Since its launch earlier this year in Bermuda, HashKey Global has garnered attention for its rapid growth trajectory. Recently recognized as the “fastest growing exchange” by Coingecko, the platform has also secured the 8th position among top global exchanges on the same platform.
HashKey Global’s expansion into futures trading marks a pivotal moment in its strategic growth, aiming to redefine futures trading standards with its regulated approach and user-centric initiatives.
Also Read: HashKey Group Launches Licensed Crypto Exchange in Bermuda
