Cryptocurrency Exchange Huobi Launches XRP Contract Trading
Today, on Wednesday, March 27th, representatives of a large cryptocurrency exchange Huobi Global announced that in two days (on March 29th) they launch XRP futures trading on their contract trading platform (Huobi DM).
Recall, Huobi DM started their work in testing mode several months ago, namely on November 28th, 2018. This platform allows users to open both short and long positions at the same time. There are also more advanced tools for hedging your own risks on Huobi DM.
What offers Huobi DM?
- Margin trading 5X, 10X, and 20X.
- Quick interface - according to the developers, their platform works 10 times faster than their competitors.
- Traders protection. The platform has a great insurance policy which helps to protect users from any accidents (security fault, liquidation warrant, and circular gap mechanism). For such needs, the company has its own insurance fund which has 20,000 BTC.
Starting from March 29th, Huobi DM will have weekly, two-week, and also quarterly XRP futures.