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HashKey Exchange is actively recruiting Market Makers. Receive up to 100,000 HSK/month by providing Liquidity!

HashKey Team
  • Updated

Introduction of Market Maker Program

To recognize and incentivize users actively contributing to the liquidity of HashKey Exchange, HashKey Exchange officially launched the Market Maker program on 28/12/2023. HashKey Exchange Market Makers can enjoy -0.005%~-0.01% maker fee rates, more sub-accounts and higher API rate limit levels. For more details, please refer to the first part of the 'Market Maker Rules Explanation' in the detailed instructions below.
To apply to become a Market Maker, please click Announcement of HashKey Exchange Market Maker Program
for requirements and application methods. You can also send an email to the official MM email address (mm@hashkey.com)
or contact Sales/BD for inquiries.
 

Key Points of Market Maker Rules

  • Starting from February 1, 2024, a new market maker order placement reward will be added. Market makers can earn up to 100,000 HSK per month by providing order placement. Refer to part 2 of the 'Market Maker Rules Explanation' in the following text."

Market Maker Rules Explaination

  1. Market Maker Fee Table
    Tier
    Ranking Percentage* of Monthly Average Weighted Depth*
     
    Monthly Maker Volume Ratio*
    Maker Fee Rate*
    Tier 1
    TOP 20%
    Or
    2%
    -0.01%
    Tier 2
    (20%, 50%]
    Or
    0.5%
    -0.0075%
    Tier 3
    (50%, 75%]
    Or
    Maker Volume≥5M USD
    -0.005%
During the trial period, HashKey Exchange Market Makers can directly obtain trial fees (to reward our market makers for their support of HashKey, HashKey Exchange Market Maker who gets onboard before August 31st, 2024, can enjoy the Tier 1 rate as their trial fee rate). After the trial period, Market Makers of HashKey Exchange can obtain the corresponding MM tier based on their ranking percentage of Monthly Average Weighted Depth which is weighted by the weights of different pairs and different layers, and Monthly Maker Volume Ratio and get the corresponding maker fee rates in the next month.
 
  1. Rewards for Market Makers to Place Orders
    • Market makers that provide liquidity on their market-making pairs and reach a monthly average weighted depth of at least $50,000 in the current month will be eligible to receive pending order rewards as shown in the figure below:
Level Monthly Average Weighted Depth HSK rewards
A $1,800,000 50,000
B $750,000 20,000
C $300,000 7,500
D $100,000 2,000
E $50,000 1,000
  • The above is the upper limit of the incentive for a single trading currency pair. A single market maker can receive a maximum of 100,000 HSK incentive in total for all trading currency pairs per month.
  • The upper limit of the weighted order volume per day in the calculation of the monthly weighted order volume is $3,200,000 (that is, if the weighted order volume per day exceeds $3,200,000, only $3,200,000 is taken as the upper limit for the day and included in the monthly weighted order volume calculation)
  • All of the 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 onboard, 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.
  • 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.
  • Market makers that have made an agreement and got paid servicing fees for providing liquidity at HashKey Exchange cannot receive this reward
 
 
Others
    1. Market-Making Currency and Market-Making Pair: Notifications regarding these will be communicated by the HashKey Exchange liquidity team via email or group notifications. Adjustments may be made by the HashKey Exchange liquidity team based on prevailing conditions, and the latest information on market-making currencies and pairs will be disseminated through announcements, emails, or group notifications.
    3. HashKey has the right to update these rules and may adjust on a monthly or shorter-term basis. Please pay attention to related announcements, emails, and group notifications in a timely manner to obtain the latest market maker rules.
  The above is a brief summary of these rules. If you want to know more details, please contact the HashKey Exchange liquidity team or other official staff.
 

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 individuals or entities classified as "Professional
Investors" as defined under the Securities and Futures Ordinance (SFO) of Hong Kong. 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's control. HashKey
makes no warranties, express or implied, in relation to HSK or any Rewards and disclaims
any liability relating thereto.

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