Huobi DM Launch: New Derivative Trading Platform Live

Huobi leapt into the derivatives market with the launch of Huobi DM, linking it to its global suite of products.

For those who want to venture into the high-stakes futures market, there’s one more exchange that offers it. Huobi DM, a derivatives market product released by Huobi, went live on Tuesday, according to an email sent to Cryptovest.

“As the cryptocurrency market expands and matures, sophisticated traders are increasingly looking for a broader range of tools. Integrating Huobi DM with Huobi Global allows us to better serve those users’ needs by offering them our full range of trading services in one convenient place,” CEO Livio Weng of Huobi Global said.

Users wishing to trade derivatives from Huobi can now avail themselves of leverage ratios of up to 20:1, giving them the possibility to attain greater gains on the market. Market makers get a 0.01% bonus on their trading fees.

In the case of an unlikely breach, Huobi also has a security fund in place to ensure that victims get compensated properly.

During this period, Huobi will be giving away 1,000 of its own proprietary tokens (HT) to three people who’ve opened their first contracts in December. The first 8,000 to complete risk certification will also receive 5 HT.

For the time being, Huobi DM will be unavailable to traders in several high-value markets like the United States, Singapore, Hong Kong, and Israel.

A previous announcement regarding the derivatives market by general counsel Joshua Goodbody of the Huobi Global institutional team also revealed that the exchange is concentrating on stablecoins. More specifically, Huobi is using a combination of Paxos Standard Token (PAX), True USD (TUSD), USD Coin (USDC), and Gemini Dollar (GUSD) to back its Huobi USD (HUSD) token.

“We believe the recent developments of stablecoins are positive for the industry. Huobi decided to support these developments proactively by launching HUSD,” Goodbody said.