Huobi DM notches up milestone, makes EOS announcement

Daily traded volume of cryptocurrency contracts on the Huobi Derivatives Market (DM) has crossed the $1 billion mark.

Huobi Global launched the venture last month, with a focus on Bitcoin and Ethereum contracts. And it has now included EOS.

“We’ve seen a great response to our Bitcoin and Ethereum contract services from a broad range of sophisticated traders,” said Huobi Global CEO Livio Weng in a press release.

“Along with that, we’re also seeing strong demand to expand Huobi DM to other coin types as well. Adding EOS contract service is part of our ongoing efforts to address customer demand.”

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.