Huobi Derivative Market Surpasses $20 Billion In Trading Volumebr>
Huobi’s crypto asset trading service, Huobi Derivative Market (Huobi DM), recently saw its trading volume soar past USD $20 billion. The milestone came 15 days after Huobi DM racked up its first USD $10 billion in trading volume in its first full month of operation.
“We’re pleased with the strong response,” said Livio Weng, CEO of Huobi Global. “This reinforce our belief that Huobi DM truly caters to our user’s needs. We’ve been getting positive feedback from our clients on our lack of clawbacks as well as Huobi DM’s capacity to help sophisticated traders manage the risk of spot market fluctuations. I believe this explains our platform’s exploding growth, even in the midst of the ongoing bear market.”
Huobi DM’s crypto asset contract trading service allows users the ability to take long and short positions on bitcoin (BTC), ethereum (ETH), and EOS (EOS),providing options for arbitrage, speculation, and hedging that were not previously widely available in crypto trading.