Huobi Launches Derivatives Market for Bitcoin (BTC) and Ethereum (ETH)
Huobi Global, owner of the third largest cryptocurrency exchange by trading volume, has launched the 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 is offering weekly, bi-weekly and quarterly cryptocurrency contracts while also providing tools for arbitrage, speculation, and hedging.
Huobi DM enables investors to trade with up to 20x leverage, with only 0.03% fees for takers while makers receive a 0.01% bonus.
“As the cryptocurrency market expands and matures, sophisticated traders are increasingly looking for a broader range of tools. Integrating Huobi DM with Huobi Global allows us to better serve those user’s needs by offering them our full range of trading services in one convenient place,” said Livio Weng, the 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 have completed risk certifications and opened contract transactions in December. Additionally, the top 8,000 users who have completed the risk certification and made at least one transaction will get 5 HT.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.