Huobi To Offer Bitcoin Trading Option Products by Q3 Of 2020
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Huobi To Offer Bitcoin Trading Option Products by Q3 Of 2020

July 31, 2020      Jyoti Singh

Singapore-based crypto exchange Huobi is planning to release Bitcoin option trading products along with 0.001 BTC buy-in on its platform from this quarter.

In the year 2019, the exchange introduced the options on its platform which requires conditions for futures and options. However, in the year 2020, the exchange aided the derivative offerings.

Houbi Launched Bi-Quarterly Bitcoin Alternatives

In the Q2 of 2020, Houbi launched its perceptual exchange, later in June 2020, the platform releases its bi-quarterly Bitcoin alternatives.

In recent times, the introduction of option trading products on a platform has become very common for businesses as it enhances their derivatives option.

Recently, the VP of Huobi Global Market, Ciara Sun, stated, “The entry of Huobi Futures, is seated on the topmost of many metrics, in aspects related to trading volume and has precipitated to the highest rank in Perpetual Swaps, in just a few spaces of time.” 

In the year 2018, Houbi unveiled its derivative platform for the public for the first time, that time it was popular as Houbi DM. Soon the exchange decided to restructure its business product. 

Huobi Earned $438 Billion By Trading Byproducts

A report released by TokenInsight, in the year 2019, stated that Houbi earned a total of $438 billion while allowing the trade of byproducts on its platform. 

According to the reports, these byproducts help the exchange in obtaining the topmost position in March, April, and May. 

Bitcoin futures and Bitcoin options are a bit alike, but the consumer should be aware of its diversities. 

It has been reported that if a person buys Bitcoin Options then he would not purchase it again in the near future, but this is not with the Bitcoin futures. When a person purchases Bitcoin futures contracts then he is indebted to it.  

This could be explained with an example, suppose, a user would be buying Bitcoin at $50,000 in July 2021 and for that, he has signed an agreement. When the deal is completed the user can purchase the Bitcoin at the same price.

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Jyoti Singh
Jyoti Singh

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.