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Price: $0.38895 -0.2781%
Market Cap: 57.13B 1.7674%
Volume (24h): 8.58B 0.4%
Dominance: 1.7674% 1.7674%
  • Price: $0.38895 -0.2781%
  • Market Cap: 57.13B 1.7674%
  • Volume (24h): 8.58B 0.4%
  • Dominance: 1.7674% 1.7674%
  • Price: $0.38895 -0.2781%
Home > Information news > HashKey Global Expands Crypto Derivatives with New Perpetual Futures Contracts

HashKey Global Expands Crypto Derivatives with New Perpetual Futures Contracts

Release: 2024/07/30 20:46 Reading: 262

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/66a8d6e763c9247047acdaac

HashKey Global Expands Crypto Derivatives with New Perpetual Futures Contracts

HashKey Global Expands Crypto Derivatives Offerings with Perpetual Futures Contracts

HashKey Global, one of the first exchanges to receive crypto licenses in Hong Kong, has broadened its crypto derivatives suite by launching perpetual futures contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This expansion aligns with the crypto exchange's strategy to meet the rising demand for sophisticated trading tools.

Details of the New Perpetual Futures Contracts

The newly introduced perpetual futures contracts provide investors with leverage of up to 10x. All contracts are USDT-based with a funding rate capped at +0.75%/-0.75%, with funding fees settled every eight hours. The contracts allow for flexible trading, enabling 24/7 trading in line with the crypto market's continuous nature.

Each contract's specifications align with 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, based on the AVAX/USDT pair, shares the same tick size of 0.01 as the SOLUSDT contract.

HashKey Global emphasizes that these new contracts cater to the diverse needs of investors, providing more options and better liquidity to enhance their trading experience. The exchange remains committed to evolving with market trends and continuously improving its product offerings.

Regulatory Approval and Promotional Incentives

In addition to the new derivatives, HashKey Global has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to launch its futures trading platform. This platform will initially focus on Bitcoin (BTC) and Ethereum (ETH) futures, offering leverage up to 10x. This regulatory approval signifies a significant milestone for the crypto exchange, aiming to establish a secure and regulated trading environment.

To commemorate the futures platform launch, 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 active trading on the platform.

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