Huobi Derivatives Platform Volume to Break $1B

CEO believes that these offerings engages those who wish to control risks in a volatile climate
29 December 2018   584

Huobi Derivatives Market (DM) daily crypto contracts trading volume passed $1B. This is reported by Cointelegraph.

Huobi Global launched Huobi Derivatives Market in November. New platform features BTC and ETH contracts, allowing users to arbitrage, speculate, and hedge. 

The $1B point was passed on Dec. 25. Today, Market expands its contacts with EOS. Administration said that its crypto contacts control risk and uncertainty via price limit mechanisms and supervision tools.

Huobi Global CEO Livio Weng has stressed out that the offerings aim to engage those who wish to control risks in a volatile trading climate. Strong engagement on both the newly-launched DM platform and Huobi’s main crypto exchange was spotted on December 25; their combined daily traded volume was purportedly $2 billion.

Huobi DM’s launch comes at a moment when trading volumes across various exchanges are reported to have fallen real good.

Additionally, recent report from the Blockchain Transparency Institute (BTI) claimed that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon highly inflated false volumes,

Cryptopia to Provide New Info Regarding Compensations

The exchange isn't going to refund deposits, sent more than 24 hours after the security breach
25 March 2019   65

The New Zealand cryptocurrency exchange Cryptopia provided additional information regarding the procedure for paying compensation to users who suffered from a hacker attack in January.

According to today's announcement, users who have made deposits to their addresses more than 24 hours after the company reported the incident, that is, after 16/01/2019 12:00AM NZT , will not be able to claim payment in accordance with the previously announced plan.

The Exchange also draws attention to the fact that it currently does not have a specific deadline for returning assets to users to whom such payments are due. Cryptopia addresses are still not available for deposits, so users shouldn't try to transfer funds to them until further notice. After the renewal of deposits, clients of the exchange will need to regenerate the purse addresses for each of the supported cryptocurrencies.

As analysts noted, the funds withdrawal continued even after the official announcement and the start of a police investigation.