Key Points
- HashKey Global has obtained regulatory approval to offer Bitcoin and Ethereum futures contracts.
- The company plans to address futures market challenges and provide a secure and regulated trading environment.
HashKey Global has announced that it has received the necessary regulatory license to offer futures contracts to its customers. This approval comes from the appropriate financial regulator, adding to the firm’s existing license from the Bermuda Monetary Authority (BMA) to offer spot trading.
Launch and Campaign Details
The company has revealed that futures trading will commence on June 19, with support for BTC/USDT and ETH/USDT trading pairs. Traders will have the opportunity to trade these leading cryptocurrencies with leverage of up to 10x.
In celebration of this new offering, HashKey Global is launching a limited-time futures trading campaign and a 100% Invitation Rebate on Futures. During this campaign, users can earn rewards in the form of HSK, the company’s native token, by participating in futures trading or by inviting others to trade. The token is planned to be listed for trading later this year.
Millions of HSK have been allocated for the campaign, with participants potentially earning up to 0.3 HSK for every 1,000 USDT traded. API traders can compete for weekly transaction volume rankings, with top prizes reaching up to 300,000 HSK. For the invitation rebate, participants will receive 100% of the transaction fees generated by their invited users on non-API transactions.
Addressing Market Challenges
HashKey Global aims to tackle challenges in the futures market, such as companies trading against their customers. They plan to do this by ensuring that users’ funds are stored separately and independently from the platform. The exchange also aims to prevent price manipulation by avoiding counterparty trading with customers.
Ben El-Baz, the managing director of HashKey Global, stated that the exchange aims to provide users with a regulated and secure platform for futures trading. He added, “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. We aim to deliver a world-class futures trading experience and reshape the market landscape with licensed futures trading.”
HashKey Global has been making significant strides since the launch of the exchange earlier this year in Bermuda. This week, the company was named the “fastest growing exchange” by Coingecko and also secured the number 8 spot on Coingecko’s list of top global exchanges.
