According to a statement by exchange Huobi, daily trading volume of the cryptocurrency contracts recently launched on the derivatives market Huobi Derivatives Market (DM) exceeded $1 billion.
Huobi Global, currently holds the third position cryptanalytic exchanges by trading volume, Huobi DM presented last month, while a full launch at the end of the beta testing took place on 10 December. Traders can sell contracts on bitcoin (BTC), Ethereum (ETH), and — since yesterday — EOS, using them as a tool for arbitrage, speculative and hedging risks.
According to a press release provided to Cointelegraph, the daily trading volume on the platform exceeded $1 billion for 25 December.
As noted by the representatives of the exchange, such contracts can help market participants to confront uncertainty and to take control of risks through the use of special tools and restrictive mechanisms. Therefore, the traders will be able to track contracts and index prices and positions in real time.
CEO of Huobi Global Livio Weng (Weng Livio) said: the offer is addressed to market participants seeking to control the situation when talking about “trading climate of high volatility.”
Results 25 Dec allowed the team exchange to conclude that the large involvement of market participants, and this is true both for the newly launched platform DM, and for most cryptocurrency exchange Huobi: their combined daily volume of trades amounted to $2 billion.
And this is when many sites this figure, by contrast, dropped sharply. So, in a recent report by research company Diar said that the data analysis of the eight leading cryptocurrency exchanges, namely Binance, OKex, Huobi, Bitfinex, Kraken, Poloniex, Bittrex and HitBTC, showed that 60% of the cryptocurrency, which remains quoted on the stock exchange, is currently traded with lower volume than in January of this year.
Moreover, the information about real trading volume continues to be questioned. Specialists of the Institute of transparency of bitcoin (BTI) in its December report noted that for most of the top 25 bitkoenig trading pairs, stocks listed CoinMarketCap (CMC), data on trade volume much too high, which once again testifies to the abuse, such as “reclaimed” — that is, fictitious — trade. Interestingly, Huobi, like HitBTC, OKEx, and Bithumb — including the sites mentioned in the report.
We will remind, this summer CoinMarketCap changed its method of ranking cryptocurrency exchanges in connection with allegations of misrepresentation of data on trading volume.
