The Huobi’s derivative market has started supporting the EOS (EOS/USD) altcoin. Huobi is currently the third-largest crypto exchange by adjusted volume, according to Coinmarketcap, and has announced its derivative market this last November.
The initiative emerges as part of Huobi’s “ongoing efforts to address customer demand”. Its users will now be able to take long and short positions on EOS: will be able to buy and sell cryptocurrencies at predetermined prices in a specific time in the future.
This ability, contract trading, provides traders with the capacity to profit with any market trend, either up or down. The contracts will support price limit, order limit and position limit orders — with a leverage of up to 20x, according to Huobi’s press release.
EOS is currently the sixth largest crypto asset by market capitalization. At press time (11h10 GMT) it is trading around $2,34, down more than 7 percent on the day.
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