A glance at Houbi’s launch cryptocurrency-derivatives platform

Huobihas recently unveiled the Huobi Derivative Market (Huobi DM) exchange. The latest announcement came in at the Crypto-frontiers conference in New York City.

Huobi, which is one of the largest cryptocurrency exchanges in the world, presented its new platform at this conference, emphasising that this platform (Huobi DM) enables its clients engaging in cryptocurrency contract trading on both bullish and bearish cryptocurrency price action. 

Notably, the platform also purportedly provides tools for hedging and controlling risk and uncertainty.

This will be available to its clients in selected countries, will provide a comprehensive suite of sophisticated digital asset trading services including cryptocurrency contract trading.

Joshua Goodbody, General Counsel of Huobi’s Global Institutional team, mentions:

More and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players are visible in swiftly maturing phase of cryptocurrency gamut. 

At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs, Goodbody further appended.

Huobi DM is currently in beta testing and is not available for customers in the U.S., Singapore, Israel, Malaysia, and Hong Kong, among others.

Unique features seem better than its rival services:

• Investor Security: Many BTC insurance funds to safeguard their users against security glitches, a dedicated insurance fund for each trading pair against unfilled liquidation order losses, and a circular break mechanism that helps protect users from unnecessary forced liquidations
• Luring leverage offering: Huobi DM claim to offer 1X, 5X, 10X, and 20X leverage.
• Rich risk management arrangement: Multiple limits for risk management and 24-hour monitoring.
• Swift and accurate service: High memory and 10X matching speed compared to market average speed.

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -39 levels (which is bearish), while hourly USD spot index was at 58 (bullish) while articulating at (08:28 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex