HashKey Global has introduced a serious growth of its derivatives choices. The platform is about to launch new perpetual contracts for 3 fashionable cryptocurrencies, Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This transfer comes because the demand for extra refined buying and selling devices within the crypto market continues to develop.
Solana, Dogecoin, Avalanche Perp Contracts Listing
HashKey Global has made a big transfer within the cryptocurrency derivatives market by saying the launch of recent perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This growth is aimed toward offering customers with a extra numerous vary of buying and selling choices, catering to the evolving wants of cryptocurrency traders.
The newly launched perpetual contracts share a number of widespread options. All are USDT-based and provide a most leverage of 10x, permitting merchants to probably amplify their positive factors (and losses). The contracts have a capped funding charge of +0.75% / -0.75%, with funding charge settlements occurring each eight hours. To accommodate the 24/7 nature of cryptocurrency markets, these contracts might be out there for buying and selling across the clock.
Each contract has been tailor-made to its respective cryptocurrency. The SOLUSDT contract, primarily based on the SOL/USDT Index, has a tick dimension of 0.01. The DOGEUSDT contract, monitoring the DOGE/USDT Index, encompasses a smaller tick dimension of 0.00001, reflecting Dogecoin price as sometimes decrease unit. The AVAXUSDT contract, primarily based on the AVAX/USDT Index, shares the identical 0.01 tick dimension because the SOLUSDT contract.
They emphasize that these new choices are designed to satisfy the various wants of traders and to boost the general buying and selling expertise on their platform. The firm has expressed its dedication to staying attuned to market tendencies and constantly bettering its product vary.
Also Read: US SEC Amends Binance Lawsuit, No Longer Consider Solana As Security
HashKey Global Secures Futures Trading Regulatory Approval
In a parallel growth, HashKey Global has secured regulatory approval from the Bermuda Monetary Authority (BMA) to formally launch its futures buying and selling platform. Initially specializing in Bitcoin (BTC) and Ethereum (ETH) futures with as much as 10x leverage, this launch represents a big milestone for the corporate.
To rejoice this achievement, they launched a limited-time futures buying and selling marketing campaign, together with a “100% Invitation Rebate on Futures” promotion and alternatives for customers to earn HSK rewards by way of buying and selling actions and referrals.
The firm has emphasised its dedication to addressing trade challenges by way of stringent regulatory compliance and the adoption of greatest practices to guard consumer property and information. With this regulatory approval and the official launch of futures buying and selling, they goal to offer a complicated, safe, and controlled buying and selling surroundings, additional solidifying its place within the aggressive cryptocurrency derivatives market.
Also Read: BlackRock CIO Affirms No Solana ETF in Near Future
The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
