HashKey Global has introduced that it has secured regulatory approval from the Bermuda Monetary Authority (BMA) to formally launch its futures buying and selling platform. Initially, the platform will supply futures buying and selling for Bitcoin (BTC) and Ethereum (ETH) with leverage choices of as much as 10x.
Hashkey Global Rolls Out Bitcoin & Ethereum Futures Trading
To mark this milestone, HashKey Global is rolling out a limited-time futures buying and selling marketing campaign alongside a “100% Invitation Rebate on Futures” promotion. Moreover, it can present members with alternatives to earn HSK rewards via buying and selling actions or by referring new customers to the platform.
Futures buying and selling is a well-established type of derivatives buying and selling that sees important demand inside the cryptocurrency market. However, the shortage of stringent laws has typically led to points equivalent to platforms buying and selling in opposition to their shoppers and abusive buying and selling practices, which have brought about substantial losses for traders. In addition,, these malpractices have drawn appreciable criticism from the worldwide crypto group.
Thus, HashKey Global goals to sort out these business challenges by making certain stringent regulatory compliance and adopting finest practices to guard consumer property and information. The platform ensures the unbiased storage of buyer property and information. Furthermore, it strictly refrains from counterparty buying and selling with its customers. This method minimizes the chance of worth manipulation and protects prospects from potential losses.
Ben El-Baz, HashKey Global Managing Director, highlighted the crucial want for a regulated change within the crypto derivatives market. He 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.”
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.’”
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Terms Of Launch & Campaign Rewards
The official launch of HashKey Global’s futures buying and selling platform is ready for June 19, that includes BTC/USDT and ETH/USDT buying and selling pairs with leverage choices as much as 10x. Concurrently, the primary part of the futures buying and selling marketing campaign will start at 00:00 (UTC+0) on June 19. During this marketing campaign, members can interact in liquidity mining actions and share a prize pool of tens of millions of HSK rewards, thereby maximizing the potential worth of their trades.
Specifically, customers will earn 0.3 HSK for each 1,000 USDT traded, whereas API merchants can compete in weekly quantity rankings, with high prizes reaching as excessive as 300,000 HSK. Additionally, HashKey Global’s “100% Invitation Rebate on Futures Trading” marketing campaign gives customers 100% of the transaction charges generated by their invited customers on perpetual futures trades (excluding API transactions) as a rebate reward.
Furthermore, these rebates will probably be transformed into HSK and distributed in keeping with the marketing campaign pointers. By launching its regulated futures buying and selling platform, HashKey Global goals to offer a safe and user-friendly buying and selling atmosphere. In addition, the agency is setting a brand new customary within the licensed futures market.
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