Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

Huobi Launches Futures Trading Market, Stablecoin Aggregator

Published 11/29/2018, 12:29 PM
Updated 11/29/2018, 01:41 PM
 Huobi Launches Futures Trading Market, Stablecoin Aggregator

At two blockchain-related events held in New York this week, popular cryptocurrency exchange Huobi announced the launch of a Huobi Derivative Market (Huobi DM), and HUSD stablecoin token.

The Singapore-based exchange’s new platform was introduced at the Cryptofrontiers conference in New York earlier today, a blockchain networking event which is hosted by the Huobi Group. Huobi DM will allow customers to engage in cryptocurrency futures trading on both falling and rising prices. Futures trading allows parties to buy or sell cryptocurrency at an agreed upon price and a specified date in the future. Huobi stressed their new product, which is currently in beta testing, will not be available to customers in the US, Singapore, Israel, Malaysia, and Hong Kong, among other jurisdictions, due to legal reasons.

At the Stablecoin New York confer...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.