1232
12131
$253,876,869,957
$1,523,177,054,777
53%
Singapore-based crypto exchange platform Huobi has unveiled the Huobi Derivative Market (Huobi DM), which aims to provide a better environment for crypto traders.

Huobi showcased its new platform at the Cryptofrontiers meeting in NYC, focusing on the opportunity provided to Huobi’s members to participate in digital currency contract exchanging on both rising and falling cryptocurrencies.

Contract exchanging enables clients to buy and relocate digital forms of money at predetermined costs and times, giving financial specialists and merchants a chance to open both long and short positions for trading.

Furthermore, Huobi DM’s benefits include no trading fees, financial bonuses, high-level risk management, including multiple limits for risk management and 24-hour monitoring.

Investors are offered a set of protections, which include a 20,000 BTC insurance fund to protect members from security failures; insurance fund for each trading pair against unfilled liquidation order losses; a circular break mechanism that helps protect users from unnecessary forced liquidations.

The high speed of the DM is provided thanks to high memory and 10X matching speed compared to market average speed. Traders can also enjoy flexibility, as DM offers 1X, 5X, 10X, and 20X leverage.

As mentioned in the official press release, Huobi’s CEO stated that Huobi DM is currently in beta testing and isn't accessible yet for clients in the U.S., Singapore, Israel, Malaysia, and Hong Kong, among others.

Commenting on the rapid growth of the cryptocurrency market, he added: "As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players. At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs."

Recently, Huobi Group made a Communist Party branch, Beijing Lianhuo Information Service (BLIS), as a part from law requirements from the Chinese state.

Under the Chinese laws, any organization with three or more Communist Party employees must set up its branch. The law scope was recently changed, as previously it applied to government ventures only. Huobi becomes the first digital currency industry business to fall under the updated regulations.  

In October, Huobi reported the making of what it calls a "stable coin solution." The venture, known as HUSD, utilizes Huobi's stablecoin resource which investors and traders can use to make in-house transactions with four U.S. dollar-pegged stable coins presently traded on the platform. HUSD will be tradeable against different digital currencies, including Tether (USDT), Bitcoin (BTC) and Ethereum (ETH).

cryptocurrency trading Huobi stable coin Huobi DM Derivative market

Cookie Policy

Cryptobrowser.io uses cookies to enhance your experience. By continuing without changing your settings, you agree to this use. To provide the best blockchain and crypto media on the web for free, we also request your permission for our partners and us to use cookies to personalize ads. To allow this, please click "OK". Need more info? Take a look at our Cookie Policy.

OK Cookie Policy