Huobi Cryptocurrency Exchange Launches Derivative Market

Total
0
Shares

According to a press release shared with Cointelegraph, the platform boasts that the Huobi DM will enable customers to engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. Tools for hedging and controlling risk and uncertainty are provided to achieve that aim.

Currently, in its beta testing, the platform will not be available for customers in the U.S., Singapore, Israel, Malaysia, and Hong Kong, among others.

Huobi announced in October, the creation of PAI Coin, and a “stablecoin solution.” The project, known as HUSD, consists of Huobi’s own stablecoin asset which investors can use as a go-between to interact with four U.S. dollar-backed stablecoins currently listed on the exchange.  HUSD will also be tradeable against other cryptocurrencies, beginning with controversial stablecoin Tether (USDT), followed by Bitcoin (BTC) and Ethereum (ETH).

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like