In line with a recent press release published, Huobi Crypto exchange derivative market now supports EOS [EOS]. Huobi is presently the third-ranked cryptocurrency exchange by adjusted volume on CoinMarketCap, with around $505 Mln in twenty four hour volume at the reporting time.
Traders can reportedly be able to take both long and short positions on EOS. The choice to for the derivative contract is an element of the exchange’s “ongoing efforts to handle client demand.”
In line with the press release, the contract would support price limit, order limit and position limit orders at up to 20x leverage. The transaction fees for EOS [EOS] on the Huobi derivative Market would be around 0.02 % for traders and 0.03 % for takers to both open and shut positions.
At the reporting time, EOS [EOS] is commercialism at around $2.68 USD, up by 14.67 percent than yesterday.
Huobi proclaimed the launch of its derivative market at the Cryptofrontiers conference held at New York, earlier in November this year. Contract trading permits users to buy and sell digital currencies at predetermined costs at specified period of times within the future, giving investors the chance to gain from each upward and downward ‘market trends‘.
As reported earlier, OKEx, a major Malta-based cryptocurrency exchange, has recently launched a new derivative. This new product — known as Perpetual Swap — is a virtual derivative that lets users speculate on the long run worth of BTC/USD. The perpetual swaps reportedly don’t have any expiration, which means that the positions can be held indefinitely.
Nasdaq, the world’s second-largest stock exchange, plans to ‘reveal‘ its own Bitcoin [BTC] derivate, Bitcoin futures, within the Q1 of next year.