HashKey Global has announced that it has secured regulatory approval from the Bermuda Monetary Authority (BMA) to officially launch its futures trading platform. Initially, the platform will offer futures trading for Bitcoin (BTC) and Ethereum (ETH) with leverage options of up to 10x.
Hashkey Global Rolls Out Bitcoin & Ethereum Futures Trading
To mark this milestone, HashKey Global is rolling out a limited-time futures trading campaign alongside a “100% Invitation Rebate on Futures” promotion. Moreover, it will provide participants with opportunities to earn HSK rewards through trading activities or by referring new users to the platform.
Futures trading is a well-established form of derivatives trading that sees significant demand within the cryptocurrency market. However, the lack of stringent regulations has often led to issues such as platforms trading against their clients and abusive trading practices, which have caused substantial losses for investors. In addition,, these malpractices have drawn considerable criticism from the global crypto community.
Thus, HashKey Global aims to tackle these industry challenges by ensuring stringent regulatory compliance and adopting best practices to protect user assets and data. The platform guarantees the independent storage of customer assets and data. Furthermore, it strictly refrains from counterparty trading with its users. This approach minimizes the risk of price manipulation and protects customers from potential losses.
Ben El-Baz, HashKey Global Managing Director, highlighted the critical need for a regulated exchange in the crypto derivatives market. He stated, “In recent years, the crypto industry has frequently experienced significant disruptions in the derivatives market. The crypto industry has long awaited a licensed exchange to provide futures trading.”
Moreover, El-Baz 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.’”
Also Read: Why Is Bitcoin Price Down Today? BTC Crash To $55K Imminent?
Terms Of Launch & Campaign Rewards
The official launch of HashKey Global’s futures trading platform is set for June 19, featuring BTC/USDT and ETH/USDT trading pairs with leverage options up to 10x. Concurrently, the first phase of the futures trading campaign will commence at 00:00 (UTC+0) on June 19. During this campaign, participants can engage in liquidity mining activities and share a prize pool of millions of HSK rewards, thereby maximizing the potential value of their trades.
Specifically, users will earn 0.3 HSK for every 1,000 USDT traded, while API traders can compete in weekly volume rankings, with top prizes reaching as high as 300,000 HSK. Additionally, HashKey Global’s “100% Invitation Rebate on Futures Trading” campaign offers users 100% of the transaction fees generated by their invited users on perpetual futures trades (excluding API transactions) as a rebate reward.
Furthermore, these rebates will be converted into HSK and distributed according to the campaign guidelines. By launching its regulated futures trading platform, HashKey Global aims to provide a secure and user-friendly trading environment. In addition, the firm is setting a new standard in the licensed futures market.
Also Read: Breaking: Bitwise Files Amended Ethereum ETF S-1 After SEC Feedback
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Credit: Source link
