Relief for EOS Hodlers, Huobi EOS Derivative Market To Go Live on December 28

27 Dec, 2018 Updated 12 Apr, 2022

By Tabassum

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Huobi DM to boost EOS falling prices

According to an announcement, the exchange will begin EOS derivatives on Friday as a part to diversifying the EOS market. Huobi’s derivative market was launched in late November 2018 during the Coinfrontiers conference in NY. Singapore based Huobi exchange will initially hit the market by featuring Bitcoin and Ethereum based contracts.

Nevertheless, the announcement shows contract type will happen in weekly, bi-weekly and quarterly basis wherein the face value set of $10.

Upon release, the minimum margin ration or leverage is permitted for up to 20x with opening and closer fees of both makers and takers set for 0.02% and 0.03% respectively.

It further notes users to place both long as well as short positions on EOS citing arbitrage, speculation, and hedging.

Huobi DM, our #cryptocurrency contract trading service, will add #EOS (EOS) on Friday. Users will be to place both long and short positions on EOS, allowing for #arbitrage , #speculation, and #hedging. For more information visit: https://t.co/U52F5PLyOZ pic.twitter.com/aMbReAvoa9

— HTX (@HTX_Global) December 26, 2018

Huobi exchange has been performing well since the last few weeks and according to the latest evaluations, its token has reached the total market capitalization of $55.91 million.

Eventually, the exchange itself stands on top third position, capturing the total trading volume of $605,078,357. EOS which presently ranks under the top five cryptocurrencies is likely to get a full-fledged boost with Huobi out setting the EOS derivatives.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.