HashKey Global Receives Regulatory Approval to Launch Futures Trading

The platform is operated by HashKey Bermuda Ltd. under a Type F license granted by the Bermuda Monetary Authority.

Digital asset trading platform HashKey Global has secured regulatory approval to launch futures trading. The platform, operated by HashKey Bermuda Ltd, has been granted a Type F license by the Bermuda Monetary Authority (BMA).

In the initial phase, HashKey Global will support Bitcoin/Tether stablecoin and Ethereum/Tether stablecoin trading pairs with up to ten times leverage, the company said in a statement on Friday (24 February).

To mark the launch, HashKey Global will be running a limited-time futures trading campaign and a '100 percent invitation rebate on futures' event. Participants can earn HSK rewards by engaging in futures trading or by inviting friends to trade, the statement said.

HashKey Global said it aims to provide a secure and user-friendly trading experience, setting a 'new standard' in the licensed futures market. A company spokesperson said:

“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 is regulated by the BMA, ensuring that customer assets and data are stored separately and independently from HashKey Global's operations.

“The platform does not engage in counterparty trading with customers, and from both a product design and regulatory standpoint, it reduces the risk of malicious price manipulation and customer losses. This ensures that customer assets are protected, providing a mature, secure, and regulated environment for contract trading.”

Ben El-Baz, managing director of HashKey Global, said: "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'."

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