In line with a recent press release published, Huobi Crypto exchange derivative marketnowsupports EOS [EOS].Huobi ispresentlythe third-ranked cryptocurrency exchange by adjusted volume on CoinMarketCap, with around $505 Mln intwenty fourhour volume at the reporting time.
Traderscanreportedly be able totakebothlong and short positions onEOS. The choiceto forthederivative contractis an elementof the exchange’s “ongoing effortsto handleclientdemand.”
In line with the press release, the contractwouldsupportpricelimit, order limit and position limit orders at up to 20x leverage. The transaction fees for EOS [EOS] on the HuobiderivativeMarket would be around 0.02 % for traders and0.03%for takers tobothopenand shutpositions.
At the reporting time, EOS [EOS] iscommercialismat around $2.68 USD, up by 14.67 percent than yesterday.
Huobiproclaimedthe launch of itsderivativemarket at the Cryptofrontiers conference held at New York, earlier inNovember this year. Contracttrading permitsusersto buyand sell digital currencies atpredeterminedcostsat specified period oftimeswithin the future, giving investorsthe chanceto gainfromeachupward and downward ‘market trends‘.
As reported earlier, OKEx, a majorMalta-based cryptocurrency exchange, has recently launcheda newderivative. This new product —known asPerpetual Swap — is avirtualderivativethat lets users speculate onthe long runworth of BTC/USD. The perpetual swaps reportedlydon’t have anyexpiration, which means that the positionscan be held indefinitely.
Nasdaq, the world’s second-largest stockexchange, plans to ‘reveal‘its own Bitcoin [BTC] derivate, Bitcoin futures,within theQ1of next year.