Huobi Global, the seventh largest crypto exchange by trading volume has announced the launch of derivatives markets for Bitcoin [BTC] and Ethereum [ETH]. The company had launched the beta version of their derivatives platform dubbed Huobi DM [Huobi Derivatives Market] in late November. The platform is now live and is offering long and short contracts for Bitcoin and Ethereum to all their clients.
According to the announcement, the exchange has introduced weekly, bi-weekly and quarterly cryptocurrency contracts. It also provides tools for arbitration, speculation and hedging. The platform also allows investors to trade with 20x leverage. Takers get charged 0.03% fee while makers have to pay no fees instead they receive a 0.01% bonus.
The derivatives market platform also boasts superior risk management with cont4rates being monitored around the clock. A 20,000 BTC insurance fund is in place to protect users in the case of security incidents. The platform also has high quality coupled with 10x matching speed compared to market average speed.
Reportedly, the exchange is giving away 1000 Huobi tokens [HT] to three users who have completed risk certifications and started contract transactions in December. Also, the top 8,000 users who have completed risk certifications and conducted at least one transaction will receive 5 HT.
"As the cryptocurrency market expands and matures, sophisticated traders are looking for a broader range of tools. Integrating Huobi DM with Huobi Global allows us to better serve those users by offering them our full range of trading services in one convenient place, "said Livio Weng, the CEO of Huobi Global, according to a reports.
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