HashKey Global Enters the Futures Market with Bitcoin and Ethereum Contracts

by

As a crypto investor with several years of experience in the industry, I’m always on the lookout for new opportunities and regulatory developments that could potentially benefit my investment portfolio. So when I heard about HashKey Global’s announcement of obtaining regulatory approval to offer futures trading, I was intrigued.

In a public statement on Wednesday, the company revealed that it had been granted a regulatory permit from the relevant financial regulatory body to initiate the sale of futures contracts to clients. The business was previously authorized by the Bermuda Monetary Authority (BMA) for spot trading and has now acquired further authorization to expand its product line with futures offerings.

Launch Details

Starting today, June 19, HashKey Global announced the commencement of futures trading, offering support for Bitcoin/USD Tether (BTC/USDT) and Ethereum/USD Tether (ETH/USDT) trading pairs.

As a cryptocurrency market analyst, I’m excited to share that users can now amplify their trading positions on the number one and two digital currencies by utilizing a maximum leverage of 10 times the initial investment.

To commemorate the launch of this latest feature, the platform is running a “time-limited futures trading promotion” and offering a “full refund on futures trading fees for new sign-ups.”

As a campaigns analyst, I’m excited to share that starting today, users have the opportunity to earn rewards through engaging in futures trading or by inviting others to join the trading platform. These incentives come in the form of HSK, our native token, which is slated for public listing later this year.

In this event, millions of Haskano (HSK) have been assigned for the promotional initiative as stated in the communique. The announcement indicates that traders are eligible to receive a maximum of 0.3 HSK for every $1,000 worth of US Dollar Traded Tokens (USDT) transacted. Furthermore, those engaging via Application Programming Interfaces (APIs) can contend for weekly volume leadership boards, with the highest-ranking individuals potentially winning rewards of up to 300,000 HSK.

As an analyst, I would explain it this way: When it comes to the invitation rebate, you’ll be rewarded with the entire transaction fee generated from the non-API transactions made by the users you’ve invited. In simpler terms, for every non-API transaction carried out by your referred users, the full fees associated with those transactions will be credited back to you.

Addressing Market Challenges

HashKey strives to address certain issues prevalent in the futures market, including companies dealing against their clients, by maintaining a system where users’ funds are kept distinctly apart from the platform.

To put it another way, the marketplace aims to tackle pricing manipulation concerns by refraining from engaging in opposing transactions with its clients.

According to Ben El-Baz, HashKey Global’s managing director, the objective of the exchange is to offer users a controlled and safe environment for conducting futures trading activities.

“Upon gaining regulatory consent and the commencement of futures trading, HashKey Global will offer an advanced and hassle-free trading platform, along with a protected environment for regulated assets. Our goal is to provide an exceptional futures trading experience and transform the market structure by introducing licensed futures trading,” he expressed.

Recognition and Achievements

Since the debut of its exchange in Bermuda earlier this year, HashKey Global has been generating buzz.

This week, Coingecko recognized our company as the fastest-growing cryptocurrency exchange. Additionally, we made it to the elite group of top global exchanges, claiming the eighth position on Coingecko’s list.

Read More

2024-06-19 11:36