Huobi Exchange’s Derivatives Market Adds EOS Cryptocurrency Support
Huobi, the third largest crypto company in the world announces that their derivative market has launched support for EOS. The platform took this decision as per the demands of the clients who believed in the asset and wanted to invest more in it.
The company announced the news via an official press release, stating that both short and long positions of the EOS tokens will be available for traders. Furthermore, the contracts will support price, position and order limits of up to 20 times leverage. The fees for the same is indicated to be 0.02% for makers and then 0.03% for takers.
— Huobi Global (@HuobiGlobal) December 28, 2018
The aforementioned fee is only to be paid when an investor open and close their positions. The contract will enable the user to purchase and sell EOS at predetermined prices in the future, allowing them to bet on the market, subsequently gaining or losing form the trend.
Huobi’s derivative market was announced last month at the Cryptofrontiers, a crypto conference that happened in New York. At the time, the company hinted at going live by the year-end. Notably, OKEx, the second largest crypto exchange in the world now have also launched their new derivative products.
OKEx’s new product line is a bit different as it offers a Perpetual Swap derivative, interestingly the swaps do not have expiration dates and are settled daily. Currently, they have an Ethereum, a Bitcoin, a BCH and BSV derivative live on their platform. The year-end does seem to be bringing merrier times for the market, however, all eyes are set for 2019 as both NASDAQ and the Baktt will be launching the bitcoin exchange funds in the Q1 itself.
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