Release: 2024/07/30 20:02 Reading: 546
HashKey Global Expands Crypto Derivatives with New Perpetual Futures Contracts
Hong Kong-based HashKey Global, one of the first exchanges to obtain crypto licenses, has announced a major expansion of its crypto derivatives offerings. The exchange has launched new perpetual futures contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX).
Details of the New Perpetual Futures Contracts
The contracts provide investors with the opportunity to trade with leverage up to 10x. All contracts are USDT-based and have a capped funding rate of +0.75% / -0.75%, with funding fees paid every eight hours. The contracts are designed for flexibility, allowing 24/7 trading aligned with the continuous nature of the crypto market.
Each contract is customized based on the characteristics of the underlying cryptocurrency. The SOLUSDT contract, based on the SOL/USDT pair, has a tick size of 0.01. The DOGEUSDT contract, reflecting Dogecoin's lower unit price, has a smaller tick size of 0.00001. The AVAXUSDT contract shares the same 0.01 tick size as the SOLUSDT contract.
HashKey Global emphasizes that these new contracts aim to meet the diverse needs of investors, providing more options and liquidity to enhance their trading experience.
Approval from Bermuda Monetary Authority
In addition to the new derivatives, HashKey Global has received regulatory approval from the Bermuda Monetary Authority (BMA) to launch its futures trading platform. Initially, the platform will focus on Bitcoin (BTC) and Ethereum (ETH) futures, offering leverage up to 10x. This regulatory approval marks a significant milestone for the exchange, ensuring a secure and regulated trading environment.
Promotional Campaign
To celebrate the launch of the futures platform, HashKey Global has initiated a promotional campaign featuring a "100% Invitation Discount on Futures" and opportunities to earn HSK tokens through trading and referrals. These incentives aim to attract new users and encourage trading activity.
The post first appeared on COINTURK NEWS.
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