The Huobi Crypto Derivatives market passed $21 Billion in tradesBTC 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
Wednesday January 23, 2019
The action of intervention often has negative connotations, but sometimes intervention can save lives, as any surgeon will probably tell you. The Bank of International Settlements (BIS) has put out a new […]
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.”
The Stocks of Netflixed increased by 51.5% in less than a month
The Ethereum hard fork, Constantinople delayed because of Security issues
Crypto Exchange ShapeShift announced layoffs, because of the Crypto Bear market
Google wants from Samourai Crypto Wallet to remove some of its Security Features
Coinbase Custody to Power $500 Million Fund Launched by Wilshire Phoenix
Friday November 02, 2018
Coinbase remains one of the most successful cryptocurrency companies in the world. Their trading platform is of increasing interest to speculators and enthusiasts alike. Together with Wilshire Phoenix, the company […]
The post Coinbase Custody to Power $500 Million Fund Launched by Wilshire Phoenix appeared first on BTC Casino Gambling.
The post The Huobi Crypto Derivatives market passed $21 Billion in trades appeared first on CoinStaker | Bitcoin News.