The

crypto derivatives market grows rapidly in 2020 with its annual

trading volume reaching $12,314billion, an increase of 402% from

2019. Huobi futures has noted that in 2020, a year ravaged by the

Covid-19 pandemic, there has been an impressive $2.3 trillion traded

with an average of 6.3 billion per day. According to the statistics

of TokenInsight, Huobi Futures is now the largest derivatives

exchange by its annual trading volume.

The

derivatives market on Huobi has proven to be a popular and robust

trading platform at a time where this style of trading in

cryptocurrencies has become increasingly popular. Marching alongside

a steadily increasing price in Bitcoin, and other cryptocurrencies,

Huobi Futures has kept pace with the needs of the market.

Making

the process better

Huobi

Futures has looked to keep in touch with the wants and needs of

traders in order to offer a service that is robust, flexible, and

easy to use. This has seen a number of different products and trading

innovations launched.

From

Coin-margined swaps to USDT-quoted options and coin-margined

bi-quarterly futures, Huobi Futures offered improved services that

lead to a new all-time high in 24-hour volume of over $28 billion on

Nov. 26th.

Coin-margined

Futures was the first product of Huobi Futures. Launched in December

2018, its trading volume has sustainably ranked first in the

derivative market in only eight months. At present, Huobi's

coin-margined futures trading has included 13 major crypto assets

with a unilateral trading volume of $1.32 trillion in 2020.

Following

the introduction of our first flagship product coin-margined futures,

coin-margined swaps launched on Mar. 27, 2020 and exceeded BitMEX,

the largest coin-margined swaps exchange at that time, in 45 days.

Its annual trading volume reached $785.5 billion in 2020 and it has

covered 57 mainstream currencies, including a wealth of DeFi

currencies for users to choose from.

In

September last year, Huobi launched USDT-quoted options whereby users

could trade without worrying about the risk of liquidation.

The

fourth product USDT-margined swaps. Launched in Oct. 26, 2020 its

trading volume has grown rapidly with its cumulative trading amount

exceeding $177.8 billion in just two months. The

launches of USDT-margined swaps opened doors for institutional

investors to run their market-making strategies without bearing the

huge cost for buying cryptocurrencies or the high interest rate for

lending, which in turn bring more trading volume to the exchange and

the crypto ecosystem.

What

Has Huobi Futures Done In 2020?

Robust

risk-control system and zero clawback

Huobi

Futures is the first digital asset derivatives exchange in the

industry that supports a three-phase liquidation protection mechanism

and no transaction fees will be charged in partial liquidation. The

platform uses Exponential Moving Average (EMA) as a second reference

for forced liquidation and has prepared 20,000 BTC as security funds.

For each trading pair, there is also a certain amount of insurance

fund prepared. Besides, there are price limits, order limits,

position limits and real-time monitoring to protect users from market

manipulation.

Due

to its strong risk control system, the platform holds a record of

zero clawback for 752 days since its launch in December of 2018. In

version V6.3.0., the system has a throughput of 10W+, the response

speed of placing and canceling orders is within 6ms, and the link

delay is within 25ms.

Innovative

functions

Huobi

Futures supports multiple order types including Limit Order, Trigger

Order, IOC and FOK. To improve the asset utilization and to reduce

trading cost, Huobi introduced lots of innovative features like

locked margin mechanism, take-profit and stop-loss, real-time

settlement, Follow a Maker & Taker, etc.

Huobi

Futures also designed the "Switchable Leverage When Holding

Positions" function for its coin-margined positions. With no need

to close positions first, users can switch leverage with positions

holding as long as there is no open order. All these exciting

functions empower both institutional and retail traders to fetch out

maximum benefits in derivatives trading.

VIP

level evaluations based on USD amount

Due

to the fact that most exchanges require at least hundreds of BTC to

be traded per month to reach their VIP standard, many traders have

been rejected by these platforms to get a VIP when the annual

increase in Bitcoin price has risen by 400%.

On

Huobi Futures, as long as you have assets worth of 30,000 USDT in

Huobi Futures account, you will be qualified for VIP. In addition to

that, Huobi introduced an upgraded VIP Sharing Program, that is, VIPs

of any other exchanges are considered as Huobi Futures VIP+1. Users

could provide certificates of VIP level on other platforms to apply

for a VIP+1 level on Huobi Futures for coin-margined swaps and

coin-margined futures trading.

Conclusion

2020

was indeed a tough year for the entire planet with the impact of

Covid-19 being felt across every sector. But, as we head towards the

new normal, it appears there has been a further shift towards the

digitalization of most things, including money.

Distributed by https://pressat.co.uk/

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE