December of 2018 was the first full trading month since its beta launch on November 21, 2018.
Huobi Derivative Market (Huobi DM), the digital asset derivative Trading Platform of Huobi, the third largest cryptocurrency exchange in the world, announced this Friday that its cumulative trading volume for its first full month of operation surpassed $12 billion.
Huobi DM allows institutional and professional investors to trade cryptocurrency contracts. The service first launched in beta mode with Bitcoin (BTC) contract trading on November 21, 2018, making December of 2018 the platform’s first full trading month.
Since its initial launch, the platform has added further Cryptocurrencies, allowing investors to take positions on Ethereum (ETH) and, as Finance Magnates recently reported, EOS, with the latter contract offering leverage up to 20x.
Huobi DM's trading volumes come at a time when the crypto space is going through a bear market, which weighed heavily on the market during 2018. However, despite this, interest from institutional investors grew, as is evident with Huobi DM.
Adding to this, on December 10, 2018, less than one month since its beta launch, Huobi DM achieved a daily trading volume of $195 million worth of cryptocurrency contracts for the first time. Then on December 27, the platform reported that it achieved a daily trading volume past $1 billion.
Commenting on the announcement, Livio Weng, the Chief Executive Officer of Huobi Global said: "We're incredibly happy with Huobi DM's rapid growth in December and we think it illustrates the strong desire that is out there from institutional traders and professional traders."
"The time has come for tools to manage the risk and volatility of cryptocurrency – particularly during bear markets, like the one we find ourselves in now."
According to the statement released this Friday, the group will continue to improve Huobi DM throughout 2019. Specifically, Huobi plans to add extra contract types and enhance the platform’s features.
Huobi Derivative Market (Huobi DM), the digital asset derivative Trading Platform of Huobi, the third largest cryptocurrency exchange in the world, announced this Friday that its cumulative trading volume for its first full month of operation surpassed $12 billion.
Huobi DM allows institutional and professional investors to trade cryptocurrency contracts. The service first launched in beta mode with Bitcoin (BTC) contract trading on November 21, 2018, making December of 2018 the platform’s first full trading month.
Since its initial launch, the platform has added further Cryptocurrencies, allowing investors to take positions on Ethereum (ETH) and, as Finance Magnates recently reported, EOS, with the latter contract offering leverage up to 20x.
Huobi DM's trading volumes come at a time when the crypto space is going through a bear market, which weighed heavily on the market during 2018. However, despite this, interest from institutional investors grew, as is evident with Huobi DM.
Adding to this, on December 10, 2018, less than one month since its beta launch, Huobi DM achieved a daily trading volume of $195 million worth of cryptocurrency contracts for the first time. Then on December 27, the platform reported that it achieved a daily trading volume past $1 billion.
Commenting on the announcement, Livio Weng, the Chief Executive Officer of Huobi Global said: "We're incredibly happy with Huobi DM's rapid growth in December and we think it illustrates the strong desire that is out there from institutional traders and professional traders."
"The time has come for tools to manage the risk and volatility of cryptocurrency – particularly during bear markets, like the one we find ourselves in now."
According to the statement released this Friday, the group will continue to improve Huobi DM throughout 2019. Specifically, Huobi plans to add extra contract types and enhance the platform’s features.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!