On November 21, Houbi Global announced the launch of Huobi Derivative Market beta (Huobi DM).
Users of Huobi DM can make a profit from the rising/falling of digital currencies prices by going long or selling short based on their own judgment.
The Huobi DM Contract adopts spread delivery. When the contract expires, all open positions will be closed at the index-based last-hour arithmetic average price, instead of physical delivery.
Bitcoin (BTC) Contract is the first launched kind of contract at Huobi DM. It is accounted in USD, with corresponding digital currency (BTC) as margin, and users’ profit and loss settlement is also conducted in corresponding digital currency (BTC).
The face value of a BTC contract is $100 and the minimum price change in order book is aggregated to $0.01. For other contract varieties, unless stated, the face value of other contract varieties shall be $10 and the minimum price change in order book are aggregated to $0.001.
Weekly, bi-weekly and quarterly contracts are available on Huobi DM.
The platform offers 1x, 5x, 10x, 20x leverages. Before opening a position, users need to select the leverage. Once the leverage is selected, the weekly, bi-weekly and quarterly contracts should all use the same leverage. Users cannot change the leverage unless they hold no position and have no pending orders.