The Huobi cryptocurrency exchange now supports EOS altcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details, according to a press release published December 28 by the Cointelegraph.
Huobi is currently ranked third among cryptocurrency exchanges, with sales of about $ 505 million per day.
Reportedly, now traders will have the opportunity to open various positions on the EOS system. The decision to create a derivative contract is part of the "current efforts of the exchange to meet customer demand."
According to the press release, the contract will have price limits, orders and positions. Fees for tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details EOS derivatives in the Huobi market will be 0.02 percent for manufacturers and 0.03 percent for recipients of both open and closed positions.
Today, EOS is trading at about $ 2.35, down from just over 7 percent a day.
Huobi announced the launch of its derivative market at the Cryptofrontiers conference in New York in November. 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.
As Cointelegraph recently reported, OKEx, a major cryptocurrency exchange in Malta, recently launched a new derivative. This new product - Perpetual Swap - is a virtual derivative that allows users to speculate on the future value of BTC/USD. Perpetual swaps are not known to have expiration dates, which means that positions may take indefinite time.
Nasdaq, the second largest stock-exchange in the world, plans to release its own Bitcoin derivative (BTC) in the first half of 2019.
Editor: Yuliya Soroka