On November 12, 2025, Bermuda - HashKey Global officially launched BTCUSD fiat-margined perpetual contracts, settled in US dollars. Users can trade contracts directly with USD as margin, eliminating the need to hold stablecoins during the transaction, thus saving on exchange steps and reducing transaction costs. This feature is primarily suitable for institutional and corporate investors holding fiat assets who prioritize capital efficiency and compliance. It will later be available to individual traders, with applications covering USD asset allocation and risk hedging.
Funds for BTCUSD perpetual contracts will be held in a separately established fiat currency risk reserve account and will be managed and segregated to bank-grade standards to ensure fund security and settlement compliance. This design draws on the dollar-based logic of traditional finance, making the platform's custody and settlement system more aligned with international standards.
Ben El-Baz, Head of Global Expansion at HashKey Group, stated, “The crypto market is rapidly entering a new phase centered on compliance. HashKey Global’s launch of the BTCUSD perpetual contract aims to link traditional financial assets with innovative Web3 financial products. Moving forward, HashKey Global will continue to strengthen the platform’s security and operational mechanisms, enabling investors to seize market opportunities and achieve long-term value in a safe and efficient environment.”
Jurisdiction Statement
HashKey Global operates in compliance with a Type F license issued by the Bermuda Monetary Authority, under the umbrella of HashKey Bermuda Limited. This material is for informational purposes only and does not constitute an offer, solicitation, or recommendation for any investment product. Virtual asset investment and trading involve risks; please carefully assess your own risk tolerance. To comply with relevant laws and regulations, HashKey Global does not provide services to users in Hong Kong, the United States, Mainland China, and certain other jurisdictions. Some features, activities, or services may be unavailable due to regional restrictions.
