The Huobi Cryptocurrency Exchange is currently ranked third in the CoinMarketCap exchange rating, with sales of about $ 512 million per day. Today, representatives of the exchange said that the Huobi Derivative Market now supports altcoin EOS.
Reportedly, traders will be able to open long and short positions on EOS. The decision to create a derivative contract is part of the "current efforts of the exchange to meet customer demand."
According to a press release from the exchange, the contract will maintain price limits, limit orders and position limits with leverage up to 20x. EOS trading fees in the Huobi market will be 0.02% for creators and 0.03% for recipients of both open and closed positions.
Huobi announced the launch of the Huobi Derivative Market in November at the Cryptofrontiers conference in New York. Contract trading allows users to buy and sell digital currencies at predetermined prices at specific points in time in the future, giving investors the opportunity to benefit from both upward and downward market trends.
At the time of publication, EOS traded at about $ 2.34, a decrease of 7.31% over the past 24 hours.
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