HAMILTON, Bermuda, June 19, 2024 (GLOBE NEWSWIRE) -- Licensed digital asset exchange HashKey Global announces that it has received regulatory approval to officially launch its futures trading. In the initial phase, the platform will support BTC and ETH with up to 10x leverage. To celebrate the launch, HashKey Global will host a limited-time futures trading campaign and a "100% Invitation Rebate on Futures" event. Participants can earn HSK rewards by engaging in futures trading or by inviting friends to trade. HashKey Global aims to provide a secure and user-friendly trading experience, setting a new standard in the "licensed futures" market.
Trade with Platform, Not with Counterparty
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 Bermuda Monetary Authority (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, stated, "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'."
Futures Trading Campaign with 100% Invitation Rebate
HashKey Global futures trading will officially launch on June 19, initially supporting BTC/USDT and ETH/USDT trading pairs with up to 10x leverage.
The first phase of the futures trading campaign will also begin on June 19 at 00:00 (UTC+0). Users participating in futures trading can join the liquidity mining activity to share a prize pool of millions of HSK rewards, maximizing the potential value of their assets. Users will earn 0.3 HSK for every 1,000 USDT traded, and those trading via API can compete for weekly transaction volume rankings, with top prizes reaching up to 300,000 HSK.
Additionally, HashKey Global is launching a "100% Invitation Rebate" campaign. During the promotion period, users will receive 100% of the transaction fees generated by their invited users on perpetual futures trades (non-API transactions) as a rebate reward. The rebate will be converted into HSK and distributed according to the campaign rules.
Participation in the campaign is subject to applicable terms and conditions. For details, please refer to the campaign announcement and campaign page on HashKey Global.
About HashKey Global
HashKey Global is one of the flagship global digital asset exchanges under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts and leverage trading.
For more details, please visit global.hashkey.com
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Disclaimer: HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.
Participation in this event does not guarantee eligibility, acceptance, or receipt of any rewards, benefits, or incentives. HashKey Global may impose certain criteria, requirements, or limitations for participation, and it reserves the right to deny or disqualify individuals or entities from participating in the event. Hashkey Global reserves the right to make changes, modify, or cancel the event or the eligibility of any participant at any time at its sole discretion, including due to internal control, system issues or other circumstances, without any prior notice or liability.
To the fullest extent permitted by law, HashKey Global, its affiliates, partners, and employees shall not be held liable for any direct, indirect, incidental, consequential, or special damages arising from participant’s participation in the event, including but not limited to any loss of funds, profits, business, potential profits, data, or reputation.
HashKey Global reserves the ultimate discretion regarding the rules and rewards of the event.
RISK WARNING ABOUT HSK: Please be aware that HSK is not currently listed on any exchange and there is no guarantee that it will be listed in the future. As a result, HSK presently has no established market value. The timeline for the potential listing of HSK remains uncertain. In the event that HSK is successfully listed, it may be subject to various trading restrictions in accordance with applicable regulations and laws. These restrictions may include, but are not limited to, limiting the trading of HSK solely to eligible professional investors in select locations and subject to regulatory approval. The value of HSK is subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey Global's control. HashKey Global and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaims any liability relating thereto.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23dfaec7-cd5a-4745-a6c9-80c8bfe888c7
