RATE Group | Huobi Cryptocurrency Exchange Introduces Partial Liquidation Facility for Derivatives
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Huobi Cryptocurrency Exchange Introduces Partial Liquidation Facility for Derivatives

19 Mar Huobi Cryptocurrency Exchange Introduces Partial Liquidation Facility for Derivatives

Posted at 09:58h in Cryptocurrency News by

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Huobi Cryptocurrency Exchange Introduces Partial Liquidation Facility for Derivatives March 19, 2020 March 19, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY

Huobi GroupHuobi DM, the derivative trading platform of Huobi, has introduced a ‘partial liquidation’ facility that intends to minimize trading losses.

Unexpected market volatility can quickly result in dilution of highly leveraged open positions, resulting in enormous losses to traders as seen last week when Bitcoin crashed below $5,000 level.

The platform’s latest position dilution system will become effective when markets turn volatile. That will nullify the effect on traders, according to a statement by Huobi.

The rampant spread of COVID-19 has sparked fears among crypto and traditional market traders, leading to wild swing in prices.

Between March 12 and 13, Bitcoin saw a value erosion of over 50%, before rebounding slightly.

When the market plummeted, BitMEX recorded dilution of $500 million worth positions within an hour….

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