Contracts Near Major Listing A significant increase in HashKey Global’s derivatives offer has been revealed. Soon, three prominent cryptocurrencies—Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX)—will be available on the platform as new perpetual contracts. The need for more complex trading tools in the cryptocurrency market is driving this change.
Solana, Dogecoin, Avalanche Perp Contracts Listing
When it announced the release of new perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), HashKey Global shook up the cryptocurrency derivatives market. This expansion seeks to diversify consumers’ trading possibilities and meet the ever-changing demands of cryptocurrency investors.
The recently published perpetual contracts share several commonalities. Each is based on USDT and has a maximum leverage of 10x, so traders can significantly increase their gains (or losses). The contracts are subject to a funding rate cap of +0.75% / -0.75%, and fund settlements occur every eight hours. In keeping with the round-the-clock character of cryptocurrency markets, these contracts will always be tradeable.
Each contract has been customized for a particular coin. The execution time for the SOLUSDT contract is 0.01, which is derived from the SOL/USDT Index. In keeping with Dogecoin’s generally smaller unit of measurement, the DOGEUSDT contract follows the DOGE/USDT Index and has a tick size of 0.00001. Like the SOLUSDT contract, the AVAXUSDT contract follows the AVAX/USDT Index and operates with a tick size of 0.01.
They stress that these additional features aim to improve the trading experience for all investors and cater to their varied needs. The organization’s mission is to monitor consumer preferences and develop new products.
HashKey Global Secures Futures Trading Regulatory Approval
At the same time, the Bermuda Monetary Authority (BMA) has given HashKey Global the green light to begin its futures trading platform formally. This launch is a significant step forward for the business, first targeting Ethereum (ETH) and Bitcoin (BTC) futures with leverage of up to 10x. In honor of this milestone, they launched a time-sensitive futures trading campaign that allowed users to receive HSK prizes for trading and referring others, as well as a “100% Invitation Rebate on Futures” promotion.
Strict regulatory compliance and the adoption of best practices to safeguard user assets and data are two ways the company plans to tackle industry difficulties. Their goal is to further establish themselves in the competitive bitcoin derivatives market by offering a trading environment that is sophisticated, secure, and regulated. They have recently received regulatory permission and have officially launched futures trading.
Also Read: Bitcoin Hashrate Decline Attracts APORK, RNDR, APT
Market Implications and Opportunities
The listing of Dogecoin, Solana, and Avalanche perpetual contracts will likely have several market-related ramifications. First, it will probably make these assets more liquid and boost their trading volume. This increased liquidity can result in tighter spreads and improved price execution for traders.
Furthermore, the availability of perpetual contracts near major listings can attract a wider variety of market players, including institutional investors. This inflow of funds might raise the price of these cryptocurrencies, which would be great for their development.
However, it is critical to be aware of the dangers of perpetual contracts. These contracts provide leverage, which can increase gains or losses. Investors must employ risk management techniques to safeguard their assets and be ready for possible volatility.
Conclusion
The imminent listing of Dogecoin, Solana, and Avalanche perpetual contracts is a significant step forward for the cryptocurrency industry. These contracts open up fresh possibilities for traders to interact creatively with these well-liked assets. Investors should proceed cautiously and be completely aware of the dangers involved with these opportunities despite their high-profit potential.
The advent of perpetual contracts for these assets highlights the market’s increasing sophistication. Which is reflective of the ever-changing cryptocurrency ecosystem. Successful bitcoin traders and investors keep up with the latest news and are flexible enough to adjust to market changes.
