Huobi DM Crypto Exchange To Offer Instant Settlement For Bitcoin (BTC) Contracts

Just a few days after Huobi DM added Bitcoin SV (BSV) contracts, the exchange has confirmed that they have added instant settlement for Bitcoin (BTC) contracts.

Livio Weng, CEO of Huobi Global says:

“Huobi DM's phenomenal growth proves that not only it is a great product but that the time for products like ours has come. The digital asset space is becoming increasingly mature and sophisticated and it's possible to do things now that we're only a fantasy a few short years ago. Users are increasingly demanding tools to respond and engage with this new reality.”

Huobi DM is a centralized cryptocurrency exchange located in Seychelles. It currently has a 24-hour trading volume of $2.7 Billion from 8 coins and 24 trading pairs. The most active trading pair on Huobi DM exchange is BTC/USD and it comes as no surprise that instant settlements are added to this trading pair. The firm promises more instant settlement contract in the near future.

The exchange promises superior risk management through its price limit mechanism. To protect their users from risk, they constantly monitor contract prices, index prices, abnormal transactions, and positions. Additionally, they have a dedicated Risk Management Insurance Fund for each trading pair.

Earlier this month the crypto exchange had announced that it will add Bitcoin SV (BSV) contracts to its derivatives platform making it the 8th in the list after BTC, ETH, EOS, LTC, XRP, BCH, and TRX. Contract settlements were made in the price difference of BSV and are executed each Friday before the week in which the contract expires.

The fees for open maker positions are 0.02% and takers have to pay a fee of 0.03%. The derivatives are evenly weighted between an index which includes Huobi, Bittrex, and OKEx.

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