Huobi is going to launch derivative contracts for XRP.
The new tool will be available on the Huobi Derivative Market (Huobi DM) on March 29. Three contracts are offered for trading quoted for the US dollar: weekly, two-weekly and quarterly.
Users can trade with leverage up to x20. The possibility of carrying out transactions under contracts is provided up to the last 10 minutes preceding their closing, when users can only close positions, but not open new ones.
To determine the rate, the index rate is used, which is calculated as the average value of the cryptocurrency price on the Huobi, Bitstamp, OKEx and Binance exchanges in pairs with Bitcoin and US dollars.
Huobi DM promises to continue launching altcoins derivative contracts in the future.