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The Huobi Crypto Derivatives market passed $21 Billion in trades

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  • The Huobi Crypto Derivatives market passed $21 Billion in trades

The Huobi Crypto Derivatives market passed $21 Billion in trades

BTC Casino / 22nd January 2019

Huobi’s Crypto Derivatives market was launched back in November of 2018. No one could have predicted the incredible growth and potential of Huobi’s Derivatives market. In early January, Huobi announced that it had managed to hit the $10 billion mark in total volume. Two weeks later, the next announcement revealed that the $20 billion mark has been reached in no time as well.
The growth of $10 billion in a little over two weeks is going over the scope for every single prediction out there. In order to realize exactly how crazy this all is, let’s look at a timetable of Huobi’s market activity.
The Huobi Crypto Derivatives market is doing great

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Wednesday December 12, 2018

Real estate entrepreneur, Bitcoin investor, and cryptocurrency expert Eric Dalius in Tech Bullion says there’s still plenty of fight left in Bitcoin despite the mudslinging from the naysayers and falling […]

The post Next Bitcoin Bull Run Matter of When – Not If, Says BTC Investor Eric Dalius appeared first on BTC Casino Gambling.

Huobi Derivatives Market was launched in beta with Bitcoin (BTC) contract trading in November 21st
Ethereum (ETH) contract trading was launched on December 5th
5 days later, on December 10th, Huobi’s Derivatives Market exits beta and is integrated with Huobi Global. Trading volume manages to reach $195 million for the first time
15 days later, on Christmas eve the 24-hour trading volume surpasses $1 billion for the first time
3 days later, on December 28th, EOS contract trading became available. The trading volume jumps up to $10 billion
December 31st, Huobi Derivatives Market’s first-month cumulative trading volume reaches $12 billion
On January 12th, Huobi Derivatives Market total cumulative trading volume breaks the $20 billion checkpoint.

New Assets and Exciting Independent Projects to be Listed on Coinbase
Wednesday December 12, 2018

Coinbase has revealed it’s planning on listing more than 30 new assets. This does not mean the tokens will be added to the platform. According to a blog post from […]

The post New Assets and Exciting Independent Projects to be Listed on Coinbase appeared first on BTC Casino Gambling.

Saying this growth is impressive is dwarfing the success of Huobi. At the moment, Huobi offers derivatives on 3 major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH) and EOS. Every currency has weekly, bi-weekly and monthly markets. Everything works the same way as any other derivatives markets, with the only difference being assets are based on crypto instead of traditional commodities. The trading guide states that positions can be closed before they’re filled, just like in other markets.
When asked about the incredible growth, the company’s CEO Livio Weng stated:
“This is proof that Huobi Derivatives Market is accurately responding to our client’s needs. We are receiving very positive feedback from clients on our lack of clawbacks and HBDM’s capacity to help advanced traders to manage the risk of spot market fluctuations. In my humble opinion those are the biggest reasons for our record growth, even in the middle of the prolonged bear market.”
Read more:

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The Stocks of Netflixed increased by 51.5% in less than a month
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Tuesday December 11, 2018

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable information […]

The post UK MP Wants to To Introduce Bitcoin Tax Payments appeared first on BTC Casino Gambling.

The post The Huobi Crypto Derivatives market passed $21 Billion in trades appeared first on CoinStaker | Bitcoin News.

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