Dear Users,
To further strengthen market risk management and improve the trading experience, HashKey Global will, effective 1 September 2026 10:00:00 (UTC+8), adjust the maximum leverage, initial margin rates, and notional value brackets by margin tier for BTCUSDT and ETHUSDT (USDT-margined perpetuals) and BTCUSD (U-margined fiat contract).
Users holding related positions or planning to open positions are advised to take note and prepare in advance.
1. Key Points
Item | Description |
Pairs adjusted | BTCUSDT, ETHUSDT (USDT-margined perpetuals); BTCUSD (U-margined fiat contract) |
Effective time | 1 September 2026 10:00:00 (UTC+8) |
Max leverage / initial margin rate | Maximum leverage remains 20x; initial margin rates and available leverage by tier are as set out in Section 2 |
Maintenance margin rate | Maintenance margin rates for the corresponding notional value ranges remain unchanged (maintenance margin calculation for existing positions is not affected by this leverage / initial margin adjustment) |
Scope of impact | Primarily affects new openings (available leverage and initial margin); does not affect maintenance margin calculation or liquidation determination logic for existing positions (subject to actual client rules) |
Please note:
- After this adjustment, the pairs will apply the new margin tiers (see Section 2). The contract maximum leverage remains 20x; specific parameters by tier are as set out in Section 2.
- Existing positions: Maintenance margin rates for the corresponding notional value ranges remain unchanged. Therefore, existing positions will not face additional maintenance margin requirements or liquidation solely due to this maximum leverage / initial margin rate adjustment.
- New openings: From 1 September 2026 10:00:00 (UTC+8), new openings will apply the adjusted margin tiers. For the same notional value, the required initial margin may increase (subject to actual client rules).
- If you subsequently add to existing positions, the newly opened portion will follow the adjusted initial margin and leverage caps (subject to actual client rules).
- API / strategy users: Please review programmatic trading, conditional orders, and strategy parameters to ensure new openings do not exceed the adjusted leverage caps and that sufficient initial margin is reserved.
2. Adjusted Margin Tier Details
The tables below show the adjusted maximum leverage, initial margin rate, and maintenance margin rate for each pair. The client’s real-time display shall prevail.
BTCUSDT (USDT-margined perpetual)
Tier | Notional value (USDT) | Max leverage | Initial margin rate | Maintenance margin rate |
1 | 0 – 100 | 20x | 5% | 0.5% |
2 | 100 – 100,000 | 5x | 20% | 0.5% |
3 | 100,000 – 200,000 | 5x | 20% | 1% |
4 | 200,000 – 350,000 | 5x | 20% | 1.5% |
5 | 350,000 – 500,000 | 5x | 20% | 2% |
6 | 500,000 – 650,000 | 5x | 20% | 2.5% |
7 | 650,000 – 800,000 | 5x | 20% | 3% |
8 | 800,000 – 1,000,000 | 5x | 20% | 3.5% |
9 | 1,000,000 – 1,200,000 | 5x | 20% | 4% |
10 | 1,200,000 – 1,400,000 | 5x | 20% | 4.5% |
11 | 1,400,000 – 1,600,000 | 5x | 20% | 5% |
12 | 1,600,000 – 3,000,000 | 5x | 20% | 5.5% |
13 | 3,000,000 – 4,500,000 | 5x | 20% | 6.5% |
14 | 4,500,000 – 6,000,000 | 5x | 20% | 7.5% |
15 | 6,000,000 – 7,500,000 | 5x | 20% | 8.5% |
16 | 7,500,000 – 9,000,000 | 5x | 20% | 10% |
17 | 9,000,000 – 10,500,000 | 4x | 25% | 12.5% |
18 | 10,500,000 – 12,000,000 | 3x | 33.33% | 16.5% |
19 | 12,000,000 – 13,500,000 | 2x | 50% | 25% |
20 | 13,500,000 – 15,000,000 | 1x | 100% | 50% |
ETHUSDT (USDT-margined perpetual)
Tier | Notional value (USDT) | Max leverage | Initial margin rate | Maintenance margin rate |
1 | 0 – 100 | 20x | 5% | 0.5% |
2 | 100 – 40,000 | 5x | 20% | 0.5% |
3 | 40,000 – 160,000 | 5x | 20% | 1% |
4 | 160,000 – 280,000 | 5x | 20% | 1.5% |
5 | 280,000 – 400,000 | 5x | 20% | 2% |
6 | 400,000 – 520,000 | 5x | 20% | 2.5% |
7 | 520,000 – 640,000 | 5x | 20% | 3% |
8 | 640,000 – 760,000 | 5x | 20% | 3.5% |
9 | 760,000 – 880,000 | 5x | 20% | 4% |
10 | 880,000 – 1,000,000 | 5x | 20% | 4.5% |
11 | 1,000,000 – 1,120,000 | 5x | 20% | 5% |
12 | 1,120,000 – 2,240,000 | 5x | 20% | 5.5% |
13 | 2,240,000 – 3,360,000 | 5x | 20% | 6.5% |
14 | 3,360,000 – 4,480,000 | 5x | 20% | 7.5% |
15 | 4,480,000 – 5,600,000 | 5x | 20% | 8.5% |
16 | 5,600,000 – 6,720,000 | 5x | 20% | 10% |
17 | 6,720,000 – 7,840,000 | 4x | 25% | 12.5% |
18 | 7,840,000 – 8,960,000 | 3x | 33.33% | 16.5% |
19 | 8,960,000 – 10,080,000 | 2x | 50% | 25% |
20 | 10,080,000 – 11,200,000 | 1x | 100% | 50% |
BTCUSD (U-margined fiat contract)
Tier | Notional value (USD) | Max leverage | Initial margin rate | Maintenance margin rate |
1 | 0 – 100 | 20x | 5% | 2.5% |
2 | 100 – 125,000 | 5x | 20% | 2.5% |
3 | 125,000 – 250,000 | 5x | 20% | 2.63% |
4 | 250,000 – 350,000 | 5x | 20% | 2.78% |
5 | 350,000 – 500,000 | 5x | 20% | 2.94% |
6 | 500,000 – 600,000 | 5x | 20% | 3.13% |
7 | 600,000 – 750,000 | 5x | 20% | 3.33% |
8 | 750,000 – 850,000 | 5x | 20% | 3.57% |
9 | 850,000 – 1,000,000 | 5x | 20% | 3.85% |
10 | 1,000,000 – 1,150,000 | 5x | 20% | 4.17% |
11 | 1,150,000 – 1,250,000 | 5x | 20% | 4.55% |
12 | 1,250,000 – 2,000,000 | 5x | 20% | 5% |
13 | 2,000,000 – 2,750,000 | 5x | 20% | 5.56% |
14 | 2,750,000 – 3,500,000 | 5x | 20% | 6.25% |
15 | 3,500,000 – 4,000,000 | 5x | 20% | 7.14% |
16 | 4,000,000 – 5,000,000 | 5x | 20% | 8.33% |
17 | 5,000,000 – 6,500,000 | 5x | 20% | 10% |
18 | 6,500,000 – 8,000,000 | 4x | 25% | 12.5% |
19 | 8,000,000 – 9,500,000 | 3x | 33.33% | 16.67% |
20 | 9,500,000 – 12,000,000 | 2x | 50% | 25% |
21 | 12,000,000 – 14,000,000 | 1x | 100% | 50% |
3. Effective Arrangements
- From 1 September 2026 10:00:00 (UTC+8), new openings in BTCUSDT, ETHUSDT, and BTCUSD will apply the adjusted parameters set out in this section and Section 2.
- Maintenance margin calculation rules for existing positions remain unchanged for the corresponding notional value ranges; liquidation and risk ratio displays are subject to the client.
- After the adjustment takes effect, you may view the list of tradable contracts and the leverage / margin tier details for the above pairs on the HashKey Global futures trading page, or via the Help Center.
4. Disclaimer
Digital asset derivatives trading involves significant risk and may result in loss of principal. Please make decisions prudently based on your own risk tolerance and monitor your account risk ratio on an ongoing basis. HashKey reserves the right to further adjust leverage, margin parameters, listing/delisting of products, and related rules in light of market conditions. If this notice is updated, the latest platform announcements and client display shall prevail.
HashKey Team 14 August 2026
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