Crypto Derivatives Platform Huobi DM Launches Contract Trading For Tron

Announcements, News | April 30, 2019 By:

Huobi DM, the cryptocurrency derivative trading platform of crypto exchange Huobi, has added support for Tron (TRX) on its platform.

Huobi DM, which was launched last year, allows users the ability to take long and short positions on cryptocurrencies. The platform features a real-time risk supervision solution that constantly monitors contract prices, index prices, abnormal transactions, and positions. It also has a dedicated Risk Management Insurance Fund for each trading pair.

Tron’s inclusion marks the seventh coin type to be added to the crypto asset trading platform since its launch, joining bitcoin (BTC), ethereum (ETH), EOS (EOS), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). The addition of TRX will enable traders to take both long and short positions on the cryptocurreny, allowing for arbitrage, speculation, and hedging.

As part of Huobi’s rollout of TRX, the company said that it will be giving away 1 million TRX tokens to Huobi DM traders and offer a 100% maker fee rebate on TRX contracts to its users.

“The addition of Tron is another big step towards our goal of making Huobi DM the most powerful and flexible platform of its kind,” said Ross Zhang, CEO of Huobi Group. “We look forward to adding even more coin types over the course of this year.”