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Key intricacies of Huobi’s EOS derivatives contracts
Huobi recently unveiled the Huobi Derivative Market (Huobi DM) exchange. The announcement came in at the Crypto-frontiers conference in New York City. The latest one is that they have come up with the EOS contracts.
Notably, the platform also purportedly provides tools for hedging and controlling risk and uncertainty. This would be available to its clients in selected countries, will provide a comprehensive suite of sophisticated digital asset trading services including cryptocurrency contract trading.
Some key intricacies of the latest announcements:
Underlying security: EOSUSD index
Luring leverage offering: Huobi DM claim to offer 1X, 5X, 10X, and 20X leverage.
Face value: USD100
Method of delivery: settled in price difference of the crypto-asset
Joshua Goodbody, General Counsel of Huobi’s Global Institutional team, had mentioned in the past that: 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.
Apart from that, some unique features are better than its rival services:
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -135 (which is bearish), while hourly USD spot index was at -30 (mildly bearish) at 11:54 GMT.
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex