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In Hong Kong, HashKey Global, one of the first exchanges to receive cryptocurrency licenses, announced a significant expansion in its crypto derivatives offerings by launching new perpetual futures contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This expansion is part of the exchange’s strategy to meet the growing demand for sophisticated trading tools in the market.
Details of the New Perpetual Futures Contracts
The new perpetual futures contracts offer investors the opportunity to engage in leveraged trading with a maximum leverage of 10x. All contracts are USDT-based and have a capped funding rate of +0.75% / -0.75%, with funding fees paid every eight hours. These contracts are designed to provide flexibility to investors, allowing for 24/7 trading in line with the continuous nature of the cryptocurrency market.
Each contract is customized to align with the characteristics of the respective cryptocurrency. The SOLUSDT contract, based on the SOL/USDT pair, has a tick size of 0.01. In contrast, 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, based on the AVAX/USDT pair.
HashKey Global emphasized that these new contracts aim to meet the diverse needs of investors, offering more options and better liquidity to enhance their trading experience. The cryptocurrency exchange is committed to evolving with market trends and continuously improving its product offerings to provide a more comprehensive trading platform.
Approval from Bermuda Monetary Authority
In addition to the new derivatives, HashKey Global announced that it has received regulatory approval from the Bermuda Monetary Authority (BMA) to launch its futures trading platform. Initially, this platform will focus on Bitcoin (BTC) and Ethereum (ETH) futures, offering leverage up to 10x. This regulatory approval marks a critical milestone for the cryptocurrency exchange, aiming to provide a secure and regulated trading environment.
To celebrate the launch of the futures platform, HashKey Global has also initiated a promotional campaign that includes a “100% Invitation Discount on Futures” and opportunities to earn HSK tokens through trading activities and referrals. These incentives are designed to attract new users and encourage active trading on the cryptocurrency exchange.
