RATE Group | Huobi DM to Launch Perpetual Contracts in Cryptocurrency in Q1 of 2020
69505
post-template-default,single,single-post,postid-69505,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Huobi DM to Launch Perpetual Contracts in Cryptocurrency in Q1 of 2020

22 Nov Huobi DM to Launch Perpetual Contracts in Cryptocurrency in Q1 of 2020

Posted at 12:43h in Cryptocurrency News by

[ad_1]

Huobi DM, the digital asset derivative trading arm of Huobi will launch perpetual contracts in the first quarter of 2020, to mark its first anniversary. Perpetual contracts are similar to a futures contract but do not have any settlement or expiry date.

Huobi DM’s volume of daily transactions has reached $2.1 billion. The daily average volume between October 1 and November 15, 2019, crossed $2.5 billion. For BTC contracts, its average daily volume has crossed $1.5 billion. On October 26, an all-time peak was seen for both DM and BTC contracts, with $9.9 billion and $6.7 billion, respectively.

Huobi DM is a pioneer in applying advanced investing instruments like derivatives to the cryptocurrency market. It offers futures contracts, forward contracts with cryptocurrency as the underlying asset. To ensure that the underlying cryptocurrency asset at least has a semblance of stability, it lists only top cryptocurrencies. As it deals in complex financial instruments like…

[ad_2]

Source link

Tags:
, , , , , , ,