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   829

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,

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   406

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.