Huobi launches derivatives market for Bitcoin (BTC) and Ethereum (ETH)



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via huobi.com

Huobi Global, owner of the third largest cryptocurrency exchange of trading volume, launched Huobi Derivative Market (Huobi DM), which offers long and short contracts for Bitcoin (BTC) and Ethereum (ETH).

According to a press release provided to SludgeFeed, Huobi DM offers weekly, biweekly and quarterly cryptocurrency contracts while providing arbitrage, speculation and hedging instruments.

Huobi DM allows investors to trade leverage up to 20 times, with only 0.03% commissions to buyers while producers receive a 0.01% bonus.

"As the cryptocurrency market expands and matures, sophisticated traders are increasingly looking for a wider range of tools." The integration of Huobi DM with Huobi Global allows us to better meet the needs of users by offering them the our full range of trading services in one convenient location, "said Livio Weng, CEO of Huobi Global.

To kick off the launch of Huobi DM, the exchange is giving away 1,000 Huobi tokens (HT) to three users who completed risk certifications and opened contract transactions in December. In addition, the first 8,000 users who completed risk certification and have completed at least one transaction will receive 5 HT.

Related: Huobi releases the Buyer and Airdrop Token (HT) details of Huobi Token for the third quarter
Recent: Gemini launches its long-awaited mobile app

Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.

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