Huobi Exchange Introduces Derivative Market

Huobi has introduced the Huobi Derivative Market (Huobi DM), according to a press release that was recently shared.

Huobi launched its new platform at the Cryptofrontiers conference that was held New York City, emphasizing that the Huobi DM lets clients engage in cryptocurrency contract trading on both rising and dropping cryptocurrency prices. The platform delivers tools for hedging and taking control of risk and uncertainty.

Contract trading lets users purchase and sell digital currencies at predetermined prices at particular times in the future, allowing investors and traders a chance to open both long and short positions.

Huobi said that Huobi DM is in beta testing and is not accessible for clients in the United States, Singapore, Israel, Malaysia, and Hong Kong.

Earlier in this month, Huobi Group made a Communist Party branch, Beijing Lianhuo Information Service (BLIS), as part of its duties to the Chinese nation.

Under Chinese regulations, any firm with more than three Communist Party member employees must establish its own branch, while until recently, the practice was often confined to state enterprises.