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Cryptocurrency News Articles

HashKey Global Surpasses Coinbase International in Futures Open Interest, Marking a Crucial Step Towards Becoming the World's Largest Compliant Futures Exchange by Q4

Sep 10, 2024 at 05:15 pm

HashKey Global is pleased to announce a significant milestone in its growth trajectory, as it surpasses Coinbase International in futures open interest

HashKey Global Surpasses Coinbase International in Futures Open Interest, Marking a Crucial Step Towards Becoming the World's Largest Compliant Futures Exchange by Q4

HashKey Global, a leading digital asset exchange licensed in Bermuda, has announced a major milestone in its growth trajectory. According to the latest data from CoinGecko and CoinMarketCap, HashKey Global has surpassed Coinbase International in terms of futures open interest, marking a significant step towards becoming the world's largest compliant futures exchange by Q4.

Currently, HashKey Global's futures open interest has reached $32 million, placing it ahead of Coinbase International in the global futures rankings on both CoinGecko and CoinMarketCap. This achievement showcases HashKey Global's rapid growth and strong performance in the futures market.

Asset Wealth Effect and Market Expansion

HashKey Global has observed a notable asset wealth effect, where initial listings on the platform, such as UXLINK and ATH, have experienced price surges of over 120% shortly after their debut on Upbit, within just three months of being listed on HashKey Global. This demonstrates the expanding range of high-quality assets being offered on the platform.

Moreover, HashKey Global continues to enhance its futures and spot markets by adding new assets. Recent additions to the futures trading assets include AVAX, SOL, DOGE, WIF, NOT, SHIB, XRP, and PEPE, while new spot trading assets feature MAX, MEME, PENDLE, ONDO, ETHFI, PEPE, NOT, ORDER, and KLAY.

Strategic Collaborations and Ecosystem Development

HashKey Global's collaboration within the TON ecosystem has garnered significant attention, especially with the Catizen airdrop gaining momentum. A joint airdrop initiative with Yescoin achieved over 220,000 global interactions, and the announcement reached over 3.8 million impressions. Leading crypto media outlets have widely covered Catizen's partnership with HashKey Group. Together, they launched a joint airdrop event with a prize pool of 2,000,000 HSK and 100,000,000 Fish Coins for Catizen users. HashKey Global is planning to introduce and incubate more high-quality projects as it deepens its involvement in the TON ecosystem.

Innovation in Airdrop Processes and API Enhancements

In support of Overprotocol's airdrop decisions, HashKey Global has made groundbreaking advances in anti-Sybil measures for exchanges. By utilizing its advanced KYC capabilities, HashKey Global has optimized the airdrop process to ensure the authenticity of participants and exclude high-risk users, promoting fairness, security, and precision in resource allocation.

Additionally, HashKey Global has enhanced the API client experience by integrating Hummingbot and CCXT, providing users with a wider range of strategy options and more efficient execution capabilities. Hummingbot automates strategies and enhances algorithmic trading capacities, while CCXT offers access to multiple exchange interfaces, increasing trading flexibility. These enhancements cater to a diverse spectrum of user needs, optimizing the user experience and boosting the platform's overall competitiveness.

Data source: CoinGecko and CoinMarketCap rankings as of September 6th.

News source:ambcrypto.com

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