Huobi Futures Registers 2020 Trading Volume of $2.3 Trillion

Friday 22 January, 2021
The
crypto derivatives market grows rapidly in 2020 with its annual
trading volume reaching $12,314billion, an increase of 402% from
2019. Huobi futures has noted that in 2020, a year ravaged by the
Covid-19 pandemic, there has been an impressive $2.3 trillion traded
with an average of 6.3 billion per day. According to the statistics
of TokenInsight, Huobi Futures is now the largest derivatives
exchange by its annual trading volume.The
derivatives market on Huobi has proven to be a popular and robust
trading platform at a time where this style of trading in
cryptocurrencies has become increasingly popular. Marching alongside
a steadily increasing price in Bitcoin, and other cryptocurrencies,
Huobi Futures has kept pace with the needs of the market.
Making
the process betterHuobi
Futures has looked to keep in touch with the wants and needs of
traders in order to offer a service that is robust, flexible, and
easy to use. This has seen a number of different products and trading
innovations launched.From
Coin-margined swaps to USDT-quoted options and coin-margined
bi-quarterly futures, Huobi Futures offered improved services that
lead to a new all-time high in 24-hour volume of over $28 billion on
Nov. 26th.Coin-margined
Futures was the first product of Huobi Futures. Launched in December
2018, its trading volume has sustainably ranked first in the
derivative market in only eight months. At present, Huobi’s
coin-margined futures trading has included 13 major crypto assets
with a unilateral trading volume of $1.32 trillion in 2020.Following
the introduction of our first flagship product coin-margined futures,
coin-margined swaps launched on Mar. 27, 2020 and exceeded BitMEX,
the largest coin-margined swaps exchange at that time, in 45 days.
Its annual trading volume reached $785.5 billion in 2020 and it has
covered 57 mainstream currencies, including a wealth of DeFi
currencies for users to choose from.In
September last year, Huobi launched USDT-quoted options whereby users
could trade without worrying about the risk of liquidation.The
fourth product USDT-margined swaps. Launched in Oct. 26, 2020 its
trading volume has grown rapidly with its cumulative trading amount
exceeding $177.8 billion in just two months. The
launches of USDT-margined swaps opened doors for institutional
investors to run their market-making strategies without bearing the
huge cost for buying cryptocurrencies or the high interest rate for
lending, which in turn bring more trading volume to the exchange and
the crypto ecosystem.What
Has Huobi Futures Done In 2020？

Robust
risk-control system and zero clawbackHuobi
Futures is the first digital asset derivatives exchange in the
industry that supports a three-phase liquidation protection mechanism
and no transaction fees will be charged in partial liquidation. The
platform uses Exponential Moving Average (EMA) as a second reference
for forced liquidation and has prepared 20,000 BTC as security funds.
For each trading pair, there is also a certain amount of insurance
fund prepared. Besides, there are price limits, order limits,
position limits and real-time monitoring to protect users from market
manipulation.
Due
to its strong risk control system, the platform holds a record of
zero clawback for 752 days since its launch in December of 2018. In
version V6.3.0., the system has a throughput of 10W+, the response
speed of placing and canceling orders is within 6ms, and the link
delay is within 25ms.Innovative
functionsHuobi
Futures supports multiple order types including Limit Order, Trigger
Order, IOC and FOK. To improve the asset utilization and to reduce
trading cost, Huobi introduced lots of innovative features like
locked margin mechanism, take-profit and stop-loss, real-time
settlement, Follow a Maker & Taker, etc.Huobi
Futures also designed the “Switchable Leverage When Holding
Positions” function for its coin-margined positions. With no need
to close positions first, users can switch leverage with positions
holding as long as there is no open order. All these exciting
functions empower both institutional and retail traders to fetch out
maximum benefits in derivatives trading.VIP
level evaluations based on USD amountDue
to the fact that most exchanges require at least hundreds of BTC to
be traded per month to reach their VIP standard, many traders have
been rejected by these platforms to get a VIP when the annual
increase in Bitcoin price has risen by 400%.On
Huobi Futures, as long as you have assets worth of 30,000 USDT in
Huobi Futures account, you will be qualified for VIP. In addition to
that, Huobi introduced an upgraded VIP Sharing Program, that is, VIPs
of any other exchanges are considered as Huobi Futures VIP+1. Users
could provide certificates of VIP level on other platforms to apply
for a VIP+1 level on Huobi Futures for coin-margined swaps and
coin-margined futures trading.Conclusion2020
was indeed a tough year for the entire planet with the impact of
Covid-19 being felt across every sector. But, as we head towards the
new normal, it appears there has been a further shift towards the
digitalization of most things, including money.

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