Huobi Derivative Market (Huobi DM), the crypto exchange's derivatives platform, plans to launch Bitcoin Cash contracts, the company announced just a few hours ago through its blog.
Users will be able to trade the contracts based on BCH from April 5. In addition, they will be able to use a leverage of up to x20 to increase the size of their positions.
The information about the price of the crypto will come from three platforms in equal proportions: Huobi, Coinbase Pro and Binance.
Bitcoin Cash (EXANTE: Bitcoin.Cash) has surged by 50% after the news was shared, registering this way the highest increase among the top 100 cryptocurrencies by market cap over the last 24 hours.
Huobi DM launched XRP contracts last month.
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