- Huobi Futures registered a total of $2.3 trillion trading volume in 2020.
- It is now the largest derivatives exchange in the crypto market.
- Traders can benefit mainly from its coined-margined swaps with over 13 major crypto assets supported for USDT.
Huobi Futures, crypto exchange Huobi Global’s derivatives market, registered a total of $2.3 trillion worth of trading volume in 2020. For this reason, Huobi Futures is now the largest derivatives exchange by trading volume, surpassing Binance and OKEx.
No. 1 Digital Asset Derivatives Market
The futures market on Huobi has proven to be a popular and robust cryptocurrency trading platform. Booming alongside a steadily increasing price of Bitcoin, and other promising altcoins, Huobi Futures has offered valuable features for the crypto market.
In particular, its coin-margined swaps and USDT-quoted options has led to its all-time 24-hour volume of $28 billion in November 2020. Currently, Huobi’s coin-margined futures trading has included 13 major crypto assets such as ZIL, BAND, ONT, SNX, AVAX, and GRT.
Huobi rolled out its USDT-margined swaps back in October to capitalize on the growing demand for stablecoins. In line with this, it has recently added IOST, MKR, CVC, REN, BAT, QTUM, KNC, and NEAR to its list.
Moreover, Huobi Futures is the first digital asset derivatives exchange in the industry with a three-phase liquidation protection mechanism. Huobi also introduced lots of innovative features like a locked margin mechanism and real-time settlement to further improve asset utilization and reduce trading costs.
With the surge in derivatives trading, Huobi Futures has also introduced bitcoin options to help traders hedge against risks like extreme market volatility. Through Huobi Futures’ Perpetual Swaps launched earlier this year, traders have more ways to create arbitrage and gain more profits.