In Hong Kong, HashKey Global has broadened its cryptocurrency derivatives portfolio by introducing new perpetual futures contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). This move aligns with the exchange’s strategy to cater to the increasing market demand for advanced trading instruments.
What Do the New Futures Contracts Offer?
The newly launched contracts allow investors to trade with leverage up to 10x. Each contract is USDT-based and features a capped funding rate of +0.75% / -0.75%, with funding fees settled every eight hours. These contracts enable continuous 24/7 trading, reflecting the nonstop nature of the cryptocurrency market.
Each perpetual futures contract is tailored to the unique characteristics of its respective cryptocurrency. For instance, the SOLUSDT contract has a tick size of 0.01, while the DOGEUSDT contract, reflecting Dogecoin’s lower unit price, has a smaller tick size of 0.00001. The AVAXUSDT contract shares the same tick size as the SOLUSDT contract.
Why is Regulatory Approval Significant?
HashKey Global also revealed that it has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to launch its futures trading platform. This new platform will initially focus on Bitcoin (BTC) and Ethereum (ETH) futures, offering leverage up to 10x. The regulatory nod is a crucial step toward providing a secure and compliant trading environment.
Key Takeaways for Investors
Here are some actionable insights for investors:
– Leverage up to 10x is available, allowing for potentially higher returns.
– Contracts are USDT-based and feature a capped funding rate, reducing the risk of unpredictable funding costs.
– Investors can benefit from 24/7 trading, aligning with the global cryptocurrency market’s continuous operations.
– The platform provides better liquidity and diverse options, enhancing the overall trading experience.
In summary, these new offerings and regulatory achievements highlight HashKey Global’s commitment to evolving with market needs and enhancing its trading platform.
