RATE Group | Huobi Cryptocurrency Exchange Launches Derivative Market
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Huobi Cryptocurrency Exchange Launches Derivative Market

29 Nov Huobi Cryptocurrency Exchange Launches Derivative Market

Posted at 01:12h in Cryptocurrency News by

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Singapore-based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28.

Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty.

Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders an opportunity to open both long and short positions.

Huobi notes that Huobi DM is currently in beta testing and is not available for customers in the U.S., Singapore, Israel, Malaysia, and Hong Kong, among others.

Earlier this month, Huobi Group created a Communist Party branch, Beijing Lianhuo Information Service (BLIS), as part of its obligations to the

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