Introduction of Market Maker Program
To recognize and incentivize users who are actively contributing to the liquidity of HashKey Global, HashKey Global has officially launched the Market Maker program. HashKey Global Market Makers can enjoy 0 maker fee rate, more sub-accounts, and higher API rate limit levels. To apply to become a Market Maker, please email the official MM email address (global-mm@hashkey.com) or contact Sales/BD for inquiries.
Rewards for market makers to add market depth
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Rules for rewardsStarting from August 1, 2024, market makers can earn up to 30,000 HSK per month in the Spot or Futures market by placing orders and adding market depth to HashKey Global's order books. A market maker can get rewards for Spot and Futures at the same time, with a maximum of 60,000 HSK per month. The specific requirements and rewards are shown in the table below:LevelMonthly Weighted Average DepthHSK RewardsA$1,800,00030,000B$750,00012,000C$300,0004,500D$100,0001,200E$50,000600
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The calculation method of the Monthly Weighted Average Depth
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- The Monthly Weighted Average Depth of the spot and contract will be counted and calculated separately.
- The quantity (USDT) of orders within the price range of X% and Y% from the middle of the best bid and best ask price in the order book will be counted for each market maker daily, and the average quantity (USDT) on that day will be calculated as [±X%depth] and [±Y%depth]. The values of X% and Y% are shown in the table below and may be adjusted every month.
SpotFuturesX%0.03%0.02%Y%0.30%0.10%
- The Daily Weighted Average Depth is the sum of [±X%depth] and [±Y%depth] which is weighted according to the pair's weights (W) on that day. The pair's weights are shown in the table below and may be adjusted every month.
PairSpot Weight (W)Futures Weight(W)USDCUSDT0-BTCUSDT10ETHUSDT10Other Pairs1.51.5
- The Monthly Weighted Average Depth is the average of the Daily Weighted Average Depth on all days of the month.
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Others
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All market makers who get onboard in the current month or before the current month can receive rewards for placing orders. However, whenever a market maker gets on board, we will use the daily average of the market maker's average weighted depth on all days of the month as the Monthly Average Weighted Depth.
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Market makers can only enjoy the rewards of the highest level they can achieve, but cannot receive rewards repeatedly. If the market maker Mark's Monthly Average Weighted Depth is $100,000, market maker can receive Level D rewards, which is 1,200HSK.
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The rewards will be notified by email in the following calendar month and will be distributed within 14 working days after the market maker replies to the confirmation email.
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Market makers that have made an agreement for providing liquidity at HashKey Global (e.g. DMMs, and CMMs) cannot receive this reward.
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The above is a summary of these rules. If you want to know more details, please contact the HashKey Global liquidity team or other official staff. By participating in the event, you agree to be bound by all the applicable terms and conditions, including without limitation Terms and Conditions of HashKey Global Promotional Campaigns.
HashKey Global
HashKey Global is a digital asset trading platform operated by HashKey Bermuda Limited under a Type F license granted by the Bermuda Monetary Authority. This information does not constitute an offer, solicitation, or recommendation for any investment product. Investing and trading virtual assets involve risks. HashKey Global does not service users from Hong Kong, United States, Mainland China and certain other jurisdictions in compliance with laws and regulations. Certain services, features, and campaigns may not be available in your jurisdiction.
RISK WARNING ABOUT HSK
Please be aware that HSK is not currently listed on any exchange and there is no guarantee that it will be listed in the future. As a result, HSK presently has no established market value. The timeline for the potential listing of HSK remains uncertain. In the event that HSK is successfully listed, it may be subject to various trading restrictions in accordance with applicable regulations and laws. These restrictions may include, but are not limited to, limiting the trading of HSK solely to eligible professional investors in select locations and subject to regulatory approval. The value of HSK is subject to substantial risk and may diminish or fluctuate significantly in response to various market conditions and other factors beyond HashKey Global’s control. HashKey Global and its affiliates make no warranties, express or implied, in relation to HSK or any rewards and disclaims any liability relating thereto.
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