Licensed Digital Asset Exchange HashKey Global Announces Regulatory Approval to Officially Launch its Futures Trading

Licensed Digital Asset Exchange HashKey Global Announces Regulatory Approval to Officially Launch its Futures Trading

HashKey Global, a flagship digital assets exchange under HashKey Group, is elated to announce it has received the long-awaited regulatory approval to officially launch its futures trading.

HashKey Global is now regulated by the Bermuda Monetary Authority (BMA), which aligns with its compliance goals, which seek to safeguard user assets. HashKeny Global’s operations strictly adhere to regulatory requirements, security, and best audit practices to provide its users with compliant digital asset trading services. The current futures trading market has been set back by numerous challenges, including platforms trading against their customers and abusive trading that has become rampant recently. The new licensing sets HasKey Global apart from its counterparts, addressing these challenges to ensure customer assets are stored separately and independently. 

HashKey Global futures trading is set to officially launch on June 19th, 2024, at 00:00 (UTC+)). The futures trading will initially offer support for BTC/USDT and ETH/USDT trading pairs with the potential of up to 10x leverage.

Notably, HashKey Global has organized different campaigns to reward users who participate in future trading. The first incentive campaign is a prize pool that offers millions of HSK rewards. For every 1000 USDT traded in the liquidity mining activity, users will earn 0.3 HSK, the platform’s native token. Users trading through the API will be eligible for a 300,000 HSK prize pool to reward traders based on their weekly transaction volume rankings.

In addition, the team behind the project also plans to launch a campaign dubbed the “100% Initiation Rebate of Futures Trading” campaign. The campaign will reward referees 100% of the transaction fees generated by their invited users on perpetual futures trades (non-API transactions.) This rebated reward will be converted into HSK and distributed to eligible users following the campaign rules. 

Commenting on the licensing, 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’.”

HashKey Global is a digital asset trading platform launched to provide users with a high-quality and safe trading experience. The platform is operated by HashKey Bermuda Limited under a Type F licensing recently granted by the Bermuda Minerry Authority. HashKey Global has created a compliance-lust system allowing its team to offer mainstream trading services such as futures, LaunchPad, leverage, and staking. 

For more updates and upcoming campaigns, visit the HashKey Global Website

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