Huobi announces beta launch of cryptocurrency derivatives trading platform
Wed, 21 Nov 2018, 11:06 am UTC
In an online post, Huobi said:
“Users can open access permission online and start to trade. We try our best to provide a highly-secure, reliable and efficient digital asset derivative trading platform to you.”
Huobi DM will allow users to earn profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment. The platform offers weekly, bi-weekly and quarterly contracts.
“The Huobi DM Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery,” Huobi said.
“BTC Contract is the first launched kind of contract at Huobi DM. It is accounted in $, with corresponding digital currency (BTC) as margin, and users’ profit and loss settlement is also conducted in corresponding digital currency( BTC).”
According to the details, each contract represents a certain amount of digital currency. The face value of a BTC contract is $100 and for other contract varieties, unless stated, it is $10. Huobi DM offers a leverage of 1x, 5x, 10x, and 20x.
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