Huobi Rebrands its Derivatives Exchange as Crypto Derivatives Surge in Popularity

Driven in part by recent speculation around Bitcoin’s third halving, the current macroeconomic environment, and as more sophisticated investors enter a maturing market, Huobi Futures become one of the most lucrative business units of Huobi Group. According to the data released by TokenInsight, last quarter, total derivatives market trading volume on Huobi Futures reached $438 billion, accounting for 22% of the total market trading volume. While institutional traders were major contributors to the recent growth, there was also a substantial uptick in activity from retail traders. 

Huobi Futures has also gained significant traction for a relatively new derivative product, coin-margined perpetual contracts, which it only launched in late March—years behind the biggest competitor in the space. Despite the late entry into coin-margined swaps, Huobi Futures has already topped the market in cumulative trading volume. On May 12, the total 24h coin-margin perpetual trading volume on…