HashKey Global Surpasses Coinbase International in BTC Futures Open Interest

IconCryptoNewsTerminal Staff07 Aug, 2024

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HashKey Global Surpasses Coinbase International in BTC Futures Open Interest

HashKey Global, the global cryptocurrency exchange operated by HashKey Group, has surpassed Coinbase International in BTC futures open interest. According to data from CoinGecko, the open interest (OI) for BTC perpetual futures on HashKey Global reached approximately $21.42 million on August 8, surpassing Coinbase International, the cryptocurrency derivatives trading platform operated by Coinbase, which had an OI of approximately $20.22 million. This is a significant milestone for HashKey Global, which has quickly become a major player in the digital asset derivatives market. HashKey Global has been expanding its product offerings and recently launched perpetual futures for ETH and LTC. The exchange has also been investing heavily in compliance and security, and is committed to providing users with a safe and reliable trading experience. "We are very excited to have surpassed Coinbase International in BTC futures open interest," said Mike Cao, CEO of HashKey Global. "This is a testament to the hard work of our team and the trust that our users have placed in us. We are committed to providing users with more diversified products and a better trading experience. We will continue to increase our product offerings and varieties to enhance our position as a globally compliant derivatives trading platform."