Hashkey Global has launched Bitcoin and Ethereum futures trading after securing regulatory approval from the Bermuda Monetary Authority.
HashKey Global has disclosed that it has obtained regulatory sanction from the Bermuda Monetary Authority (BMA) to launch its futures trading platform officially. Bitcoin (BTC) and Ethereum (ETH) futures trading will be available on the platform at the outset, with leverage options of up to 10x.
HashKey Global is launching a “100% Invitation Rebate on Futures Trading” promotion with a limited-time futures trading campaign to commemorate this milestone. Additionally, it will allow participants to accumulate HSK rewards by referring new users to the platform or engaging in trading activities.
Futures trading is a well-established derivatives trading method in high demand in the cryptocurrency market. Nevertheless, the absence of rigorous regulations has frequently resulted in significant losses for investors, including platforms that trade against their clients and unscrupulous trading practices. Furthermore, the global crypto community has expressed significant criticism regarding these malpractices.
Consequently, HashKey Global is committed to addressing these industry challenges by implementing best practices and ensuring strict regulatory compliance to safeguard user data and assets.
The platform ensures the independent storage of consumer data and assets. Additionally, it rigorously prohibits counterparty trading with its users. This method mitigates the risk of price manipulation and safeguards customers from potential losses.
Ben El-Baz, the managing director of HashKey Global, emphasized the necessity of a regulated exchange in the crypto derivatives market. He declared, “The derivatives market has frequently experienced significant disruptions in the crypto industry in recent years.” The crypto industry has eagerly anticipated a licensed exchange that offers futures trading for an extended period.
Additionally, El-Baz stated, “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.’”
Rewards And Launch Terms
The official launch of HashKey Global’s futures trading platform is scheduled for June 19, and it will offer leverage options of up to 10x for BTC/USDT and ETH/USDT trading pairs.
Concurrently, the initial phase of the futures trading campaign will initiate at 00:00 (UTC+0) on June 19. Participants can participate in liquidity mining activities and contribute to a prize pool of millions of HSK rewards during this campaign, thereby maximizing the potential value of their transactions.
In particular, users will receive 0.3 HSK for every 1,000 USDT traded, and API traders can compete in weekly volume rankings, with the top reward reaching as high as 300,000 HSK.
Furthermore, HashKey Global’s “100% Invitation Rebate on Futures Trading” campaign provides users with a rebate compensation of 100% of the transaction fees generated by their invited users on perpetual futures trades (excluding API transactions ).
Additionally, these reimbursements will be converted into HSK and distributed according to the campaign’s guidelines. HashKey Global’s objective is to establish a user-friendly and secure trading environment by introducing its regulated futures trading platform. Furthermore, the organization is establishing a new benchmark in the licensed futures market.