Since the launch of its cryptocurrency contract trading service, the trading volume of Huobi Derivatives Market (Huobi DM) is increasing at a rapid pace. Recently the daily trade volume of crypto contracts on the Huobi DM has broken past the $1 billion mark.
At the event, the Chief Executive Officer of Huobi Global, Livio Weng said that,
“This just goes to show the market demand for more sophisticated crypto trading tools, particularly those that allow traders to control risks in volatile markets. Huobi DM is a priority for us and we will continue to enhance it over the coming months.”
Huobi Group is the world’s leading blockchain company which was established in 2013. The cumulative turnover of the company is over $1 trillion. The company offers safe, secure, and convenient crypto trading and asset management services to millions of users in 130 countries. Huobi Global operates the world’s third-largest crypto spot market trading platform and launched the Huobi Derivatives Market (DM) last month. The Huobi DM platform allows the traders to trade Bitcoin and Ethereum contracts.
After breaking the past $1 billion mark in daily trade on 25th December, the company has started to offer other crypto contracts including the altcoin, EOS. The company claims that its cryptocurrency contracts help the users to control uncertainty and risk via price limit mechanism and supervision tools which allow the users to monitor contract and index prices and positions in real time.
Some of the reasons for selecting Huobi DM are:
- Low fees: opening and closing fees for Bitcoin and Ethereum are 0.16% for makers and 0.24% for takers.
- Superior risk control
- Superior risk management with a price limit, position limit, and order limit
- Real-time risk supervision: the company constantly monitors contract prices, index prices, abnormal positions, and transactions.
- User protection: The company kept a Huobi Security Fund of 20,000 Bitcoins to promote users from catastrophic security failures. The company also have a dedicated Risk Management Insurance Fund for each trading pair against unfilled liquidation order losses.
- High speed
- Leverage flexibility
According to Livio, Huobi DM aims to engage those crypto traders who wish to control risk in a volatile trading climate. Though the platform was launched at a time when trading volume across various exchanges had fallen dramatically because of the crypto downturn but, Huobi DM is breaking all records in terms of trading volume.