The derivative market of Huobi now supports Altcoin EOS – BTC Wires

Of& nbspKapil Gauhar

The third largest cryptocurrency derivative market in Huobi now includes EOS coins alternative to cryptocurrency, as indicated by a press release dated 28 December.

Huobi is, at the moment, the exchange of third-class cryptocurrency by volume adjusted on CoinMarketCap, with over 505 million dollars in volume of 24 hours at the time.

Operators will presumably be able to take both long and short positions on EOS. The decision to create the derivative contract is part of the Huobi "Continuous efforts to meet customer demand".

As stated in the press release, the contract will include the order limit, the price limit and the position limit orders up to 20 times the lever. The trading commissions of the EOS derivative on the Huobi Derivative Market will be equal to 0.02% for producers and 0.03% for buyers both to open and close their positions.

At the time of printing, the EOS cryptocurrency alternative currency traded at around $ 2.35, which is down by just over 7% a day.

Huobi declared the launch of its derivatives market at the CryptoFrontiers conference held in New York a month ago. Contract trading allows platform users to buy and sell virtual currencies at predetermined prices at certain times in the near future, offering investors the opportunity to capture both upward and downward market trends.

Important exchange of cryptocurrencies in Malta, OKEx has recently launched its new derivative, according to a recent Cointelegraph report.

Perpetual Swap is a new product, which is a virtual derivative that allows its users to bid on the future value of Bitcoin and USD. It is assumed that this new product has no expiration, which means that the positions can be kept indefinitely.

According to reports, the second largest stock exchange in the world, Nasdaq intends to release its derivative Bitcoin in the first half of 2019.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger's Gyan. He is a passionate blogger, a great thinker and a creative writer. His passion for making friends with words and making people aware of the wonders of the digital world is what drives him to write as a career.