HashKey Global has announced a major expansion of its derivatives offerings. The platform is set to launch new perpetual contracts for three popular cryptocurrencies, Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This move comes as the demand for more sophisticated trading instruments in the crypto market continues to grow.
HashKey Global has made a significant move in the cryptocurrency derivatives market by announcing the launch of new perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This expansion is aimed at providing users with a more diverse range of trading options, catering to the evolving needs of cryptocurrency investors.
The newly introduced perpetual contracts share several common features. All are USDT-based and offer a maximum leverage of 10x, allowing traders to potentially amplify their gains (and losses). The contracts have a capped funding rate of +0.75% / -0.75%, with funding fee settlements occurring every eight hours. To accommodate the 24/7 nature of cryptocurrency markets, these contracts will be available for trading around the clock.
Each contract has been tailored to its respective cryptocurrency. The SOLUSDT contract, based on the SOL/USDT Index, has a tick size of 0.01. The DOGEUSDT contract, tracking the DOGE/USDT Index, features a smaller tick size of 0.00001, reflecting Dogecoin price as typically lower unit. The AVAXUSDT contract, based on the AVAX/USDT Index, shares the same 0.01 tick size as the SOLUSDT contract.
They emphasize that these new offerings are designed to meet the diverse needs of investors and to enhance the overall trading experience on their platform. The company has expressed its commitment to staying attuned to market trends and continuously improving its product range.
Also Read: US SEC Amends Binance Lawsuit, No Longer Consider Solana As Security
In a parallel development, HashKey Global has secured regulatory approval from the Bermuda Monetary Authority (BMA) to officially launch its futures trading platform. Initially focusing on Bitcoin (BTC) and Ethereum (ETH) futures with up to 10x leverage, this launch represents a significant milestone for the company.
To celebrate this achievement, they introduced a limited-time futures trading campaign, including a “100% Invitation Rebate on Futures” promotion and opportunities for users to earn HSK rewards through trading activities and referrals.
The company has emphasized its commitment to addressing industry challenges through stringent regulatory compliance and the adoption of best practices to protect user assets and data. With this regulatory approval and the official launch of futures trading, they aim to provide a sophisticated, secure, and regulated trading environment, further solidifying its position in the competitive cryptocurrency derivatives market.
Also Read: BlackRock CIO Affirms No Solana ETF in Near Future
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