Exchange of cryptocurrency derivatives Huobi announced about $ 12 billion of trading volumes in the first month of operation

According to Huobi Global, only for the first month of operation of the Huobi DM derivatives exchange included in its structure, the total volume of trade transactions amounted to $ 12 billion. This is stated in a letter received by BlockchainJournal from Huobi Global.

“We are extremely pleased with the rapid growth of Huobi DM in December, and we believe that this is an excellent confirmation of strong interest [in cryptocurrency] from institutional investors and professional traders, ” said Huobi Global CEO Livio Weng.

Bitcoin and other cryptocurrency-oriented Huobi DM derivatives exchange was launched in beta mode in November 2018. In December, the unification of Huobi DM with the platform of Huobi Global was announced.

Currently, Huobi DM maintains contracts for BTC, ETH and EOS and plans to expand the product line to other cryptocurrencies.