The crypto derivatives platform has just announced the launch of Bitcoin options trading. This new tool will start to be available on the platform before the end of this quarter.
According to Decrypt, each contract will be equivalent to 0.001 BTCs. Huobi Futures will charge trading and delivery fees.
Huobi Futures is one of the leading platforms in the Bitcoin futures market. According to Skew, the trading volume of this instrument at Huobi Futures has risen over the past day to $1.9B. In terms of open interest, the exchange ranks third with $0.56B after OKEx ($0.8B) and Binance ($0.9B).
The leader in the Bitcoin options market is Deribit, representing $984M of the total $1.24B in open positions.
Huobi launched Bitcoin perpetual swap trading back in April, while in June it introduced its bi-quarter Bitcoin futures with up to 125x leverage.
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