HashKey Global officially launches futures trading, shaping a new landscape for "licensed futures" markets
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HashKey Global officially launches futures trading, shaping a new landscape for "licensed futures" markets
HashKey Global will create a secure and user-friendly trading experience with its licensed contracts, leading a new era in the licensed contract market.
Navigating Web3 tides with focused insightsJune 19, 2024 - Licensed digital asset exchange HashKey Global announced it has received regulatory approval to officially launch its derivatives trading functionality. Initially, the service will support BTC and ETH contracts with up to 10x leverage. To celebrate, the platform will run a limited-time "Derivatives Trading Mining and 100% Commission Rebate for Invitations" campaign, where users can earn HSK rewards by participating in derivatives trading or inviting friends to trade. HashKey Global aims to deliver a secure and user-friendly "licensed derivatives" trading experience, setting a new benchmark in the licensed derivatives market.
Licensed Derivatives: A Platform, Not a Counterparty
As a mature financial derivative, futures trading sees strong demand in the crypto market. However, due to lack of effective regulation, widespread issues persist such as exchanges acting as counterparties to client trades, malicious price manipulation leading to client losses—problems long criticized by the global crypto community.
Operating under the supervision of the Bermuda Monetary Authority (BMA), HashKey Global ensures client assets and data are held separately from operational systems. The platform does not trade against clients, reducing risks of malicious price manipulation and client losses through both product design and regulatory compliance, ensuring customer assets are protected and delivering a mature, trustworthy, and regulated derivatives trading environment.
Ben El-Baz, Managing Director of HashKey Global, said: “The crypto industry has seen repeated blow-ups in the derivatives market over recent years. The Asian and global crypto communities have long awaited a licensed derivatives exchange. With regulatory approval secured and derivatives now live, HashKey Global brings global users a seamless trading interface, a secure and regulated asset environment, and a world-class derivatives trading experience—shaping a new landscape for ‘licensed derivatives.’”
Futures Trading Campaign and 100% Referral Rebate
HashKey Global officially launches its derivatives trading function on June 19, initially supporting BTC/USDT and ETH/USDT perpetual contracts with up to 10x leverage.
Starting June 19 at 0:00 (UTC+0), HashKey Global will kick off its first derivatives trading campaign. Users who participate in derivatives trading can join a liquidity mining event and share in a multi-hundred-thousand HSK prize pool, maximizing their asset growth potential. For every 1,000 USDT traded, users earn 0.3 HSK. API traders compete in weekly volume rankings, with top performers eligible to win up to 300,000 HSK.
Concurrently, HashKey Global is launching an “Invite & Get 100% Commission Rebate” campaign. During the promotion, users will receive 100% of the fees generated by invited clients’ derivatives trades (excluding API trades) as rebate rewards. These rebates will be converted into HSK and distributed according to the program rules.
Participation is subject to applicable terms and conditions. For details, visit the campaign announcement and exchange activity page.
About HashKey Global
HashKey Global is the flagship global virtual asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. Licensed by the Bermuda Monetary Authority (BMA) under its Digital Asset Business Act, HashKey Global provides a full suite of products including LaunchPad, derivatives, and margin trading.
For more information, visit global.hashkey.com
Disclaimer: HashKey Global is operated by HashKey Bermuda Limited under a Class F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation regarding any investment product. Investing and trading virtual assets involve risk. HashKey Global does not provide services to users from Hong Kong, the United States, Mainland China, and certain other jurisdictions to comply with applicable laws and regulations. Certain services, features, and promotions may not be available in your jurisdiction.
Participation in this promotion does not guarantee eligibility, acceptance, or receipt of any reward, benefit, or incentive. HashKey Global may establish specific criteria for participation, requirements, or restrictions, and reserves the right to reject or cancel any individual’s or entity’s participation. HashKey Global reserves the right, at its sole discretion, to modify, amend, or terminate the promotion or any participant’s eligibility at any time due to internal controls, system issues, or other circumstances, without prior notice or liability.
To the fullest extent permitted by law, HashKey Global and its affiliates, partners, and employees shall not be liable for any direct, indirect, incidental, consequential, or special damages arising from participation in the promotion, including but not limited to loss of funds, profits, business, anticipated savings, data, or reputation.
HashKey Global reserves the final decision rights regarding program rules and rewards.
Risk Warning Regarding HSK: Please note that HSK is currently not listed on any exchange, and there is no guarantee it will be listed in the future. Therefore, HSK currently has no established market value. The timeline for a potential listing is uncertain. If HSK is successfully listed, it may be subject to various trading restrictions under applicable laws and regulations, including but not limited to being tradable only among qualified professional investors in specific jurisdictions and requiring regulatory approvals. The value of HSK carries significant risks and may decline sharply or fluctuate substantially due to market conditions and other factors beyond HashKey Global’s control. HashKey Global and its affiliates make no express or implied representations or warranties regarding HSK or any returns, and disclaim all liability in connection therewith.
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