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   396

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,

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   28

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.