Huobi DM Daily Trading Volume Breaks Through USD $1 Billion Within 1 Month

SINGAPORE, Dec. 27, 2018 /PRNewswire/ -- In the month since it launched its cryptocurrency contract trading service, Huobi Derivative Market (Huobi DM) has seen a rapid increase in trading volume and an explosion in engagement that recently drove daily trading volume past USD $1 billion.

"This just goes to show the market demand for more sophisticated crypto trading tools, particularly those that allow traders to control risks in volatile markets," said Livio Weng, Huobi Global CEO. "Huobi DM is a priority for us and we will continue to enhance it over the coming months."

Huobi DM's trading volume reached past USD $1 billion on Tuesday, December 25, a day that was also a strong one for Huobi Global, Huobi's flagship exchange platform. All told, trading volume for Huobi DM and Huobi Global combined came up to an impressive USD $2 billion that day.

Huobi DM's cryptocurrency contract trading feature allows users the ability to buy or sell Bitcoin (BTC) and Ethereum (ETH) at predetermined prices at specified times in the future, providing options for arbitrage, speculation, and hedging that were not previously widely available in crypto trading. To expand Huobi DM's utility even further, company officials plan to expand contract trading to cover to a broader range of cryptocurrencies, with EOS (EOS) contracts scheduled to go live on Friday.

Huobi DM sets itself apart via:

• Advantageous Fees: opening fees for BTC and ETH are 0.016% for makers & 0.024% for takers. Closing fees BTC and ETH contracts are 0.016% for makers & 0.024% for takers.
• Superior risk management: including Price Limit, Order Limit, and Position Limit.
• Superior risk control: with sophisticated price limit mechanism, no claw back has occurred since its launch
• Real-time risk supervision: constantly monitor contract prices, index prices, abnormal transactions, and positions.
• User protections: including a 20,000 BTC Huobi Security Fund to protect users against catastrophic security failures and a dedicated Risk Management Insurance Fund for each trading pair against unfilled liquidation order losses.
• Leverage flexibility: Huobi DM offers 1X, 5X, 10X, and 20X leverage.
• Speed: high memory and 10X matching speed compared to market average speed.

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your investment ability and make decisions prudently. Please note that users must clear the requisite KYC checks and assessments prior to commencing usage of Huobi DM. Huobi DM is not available to users from the United States of America, Singapore, Israel, Iraq, Hong Kong (China), Cuba, Iran, North Korea, Sudan, Malaysia, Syria, Samoa Eastern, Puerto Rico, Guam, Bangladesh, Ecuador, and Kyrgyzstan.

For more information on Huobi DM, please visit www.hbdm.com

About Huobi:

Consisting of ten upstream and downstream enterprises, Huobi Group is the world's leading blockchain company. Established in 2013, Huobi Group's accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.

For enquiries please contact: [email protected]

SOURCE Huobi