Regulation
Hashkey Introduces Bitcoin and Ethereum Futures Trading After Regulatory Agreement
HashKey Global has announced that it has received regulatory approval from the Bermuda Monetary Authority (BMA) to officially launch its futures trading platform. Initially, the platform will offer futures trading on Bitcoin (BTC) and Ethereum (ETH) with leverage options of up to 10x.
Hashkey Global Launches Bitcoin and Ethereum Futures Trading
To mark this milestone, HashKey Global is launching a limited-time futures trading campaign alongside a “100% Futures Invitation Discount” promotion. Additionally, it will offer participants the opportunity to earn HSK rewards through trading activities or by referring new users to the platform.
Futures trading is a well-established form of derivatives trading that is seeing significant demand in the cryptocurrency market. However, the lack of strict regulations has often led to issues such as platforms trading against their customers and abusive trading practices, which have resulted in substantial losses for investors. Furthermore, these bad practices have attracted widespread criticism from the global cryptocurrency community.
Thus, HashKey Global aims to address these industry challenges by ensuring strict regulatory compliance and adopting best practices to protect user assets and data. The platform ensures independent storage of customer assets and data. In addition, it strictly refrains from carrying out transactions with its users. This approach minimizes the risk of price manipulation and protects customers from potential losses.
Ben El-Baz, Global Managing Director of HashKey, highlighted the crucial need for a regulated exchange in 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 been waiting for a long time for an approved exchange to offer futures trading.
Additionally, El-Baz added: “With regulatory approval and the official launch of futures trading, HashKey Global will provide a sophisticated and transparent trading interface as well as a secure and regulated asset environment. Our goal is to provide a world-class futures trading experience and reshape the market landscape through “Licensed Futures Trading”.
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Campaign launch conditions and rewards
The official launch of HashKey Global’s futures trading platform is scheduled for June 19, offering BTC/USDT and ETH/USDT trading pairs with leverage options up to 10x. Meanwhile, the first phase of the futures trading campaign will begin at 00:00 (UTC+0) on June 19. During this campaign, participants will be able to engage in liquidity mining activities and share a pool of millions of HSK rewards, maximizing the potential value of their trades.
Specifically, users will earn 0.3 HSK for every 1,000 USDT traded, while API traders will be able to participate in weekly volume rankings, with top prizes reaching up to 300,000 HSK. Additionally, HashKey Global’s “100% Invitation Cash Back on Futures Trading” campaign offers users 100% of the transaction fees generated by their invited users on perpetual futures trading (excluding API trades) as a reward.
Additionally, these discounts will be converted into HSK and distributed according to campaign guidelines. By launching its regulated futures trading platform, HashKey Global aims to provide a secure and user-friendly trading environment. Additionally, the company sets a new standard in the licensed futures market.
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