HashKey Global Receives Regulatory Approval to Launch Futures Trading, Aims to Reshape the Market Landscape with \'Licensed Futures Trading\'

Licensed digital asset exchange HashKey Global announces that it has received regulatory approval to officially launch its futures trading.

HashKey Global, a licensed digital asset exchange, has received regulatory approval to launch its futures trading service in Bermuda on June 19th, 2024. Initially, the platform will support BTC and ETH futures with up to 10x leverage. To mark the launch, HashKey Global will launch a limited-time futures trading campaign and a “100% Invitation Rebate on Futures” event. Participants can earn HSK rewards by engaging in futures trading or inviting friends to trade. HashKey Global aims to provide a secure and user-friendly trading experience, setting a new standard in the “licensed futures” market.

As a mature type of derivatives trading, futures trading has a huge demand in the crypto market. However, due to the lack of effective regulation, there are still widespread issues in the market such as platforms trading against their customers and abusive trading causing significant losses for consumers. These practices have long been criticized by the global crypto community.

HashKey Global, regulated by the Bermuda Monetary Authority (BMA), ensures that customer assets and data are stored separately and independently. The platform does not engage in counterparty trading with customers, reducing the risk of price manipulation and customer losses.

Ben El-Baz, Managing Director of HashKey Global, 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. 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 futures trading will officially launch on June 19, initially supporting BTC/USDT and ETH/USDT trading pairs with the potential for up to 10x leverage.

The first phase of the futures trading campaign will also begin on June 19 at 00:00 (UTC+0). Users participating in futures trading can join the liquidity mining activity to share a prize pool of millions of HSK rewards, maximizing the potential value of their assets. Users will earn 0.3 HSK for every 1,000 USDT traded, and those trading via API can compete for weekly transaction volume rankings, with top prizes reaching up to 300,000 HSK.

Additionally, HashKey Global is launching a “100% Invitation Rebate on Futures Trading” campaign. During the promotion period, users will receive 100% of the transaction fees generated by their invited users on perpetual futures trades (non-API transactions) as a rebate reward. The rebate will be converted into HSK and distributed according to the campaign rules.

Participation in the campaign is subject to applicable terms and conditions. For details, users can refer to the campaign announcement and campaign page on HashKey Global.

News source：https://www.kdj.com/cryptocurrencies-news/articles/hashkey-global-receives-regulatory-approval-launch-futures-trading-aims-reshape-market-landscape-licensed-futures-trading.html

The above is the detailed content of HashKey Global Receives Regulatory Approval to Launch Futures Trading, Aims to Reshape the Market Landscape with 'Licensed Futures Trading'. For more information, please follow other related articles on the PHP Chinese website!