- Recently, the derivatives trading platform Huobi Futures has published its second-quarter report of 2020.
- The report further stated that on April 30, the platform hit its daily ATH volume of over $15.6 billion.
- The report revealed that from the past six months of operation, Houbi has marked its flagship as the most popular derivate platform for altcoins.
Recently, the derivatives trading platform Huobi Futures has published its second-quarter report of 2020. As per the report Huobi has created a leading position in BTC Future markets in June 2020. Based on 24 hours volume, Huobi Futures BTC contracts have spotted the top position.
Huobi Future made a daily ATH volume record
During March, the economic turmoil and global economic crisis made the stock market drop over 30%. Affecting all major indices, treasuries, metal, and crypto too. Besides this, the Bitcoin that has gone through the historical Black Thursday started recovering. After one and a half months of struggle.
The report further stated that on April 30, the platform hit its daily ATH volume of over $15.6 billion. That was all-time high compared to its weekly and monthly volume. However, currently, the platform provides over 49 futures along with perpetual swaps contracts. Most of them are from all major exchanges.
Huobi Futures Quarterly Round-up: 2020 Q2
☑️ As of today, Huobi Futures offers 49 futures and perpetual swaps contracts, the most among the major exchanges.
— CryptoRank Platfrom (@CryptoRank_io) July 2, 2020
The report revealed that from the past six months of operation, Huobi has marked its flagship as the most popular derivate platform for altcoins.
Huobi’s exclusive products
About product innovation, Huobi notified that it is the first exchange to launch partial liquidation and a locked margin optimization mechanism. Also, the platform has introduced tiered adjustment factors. In March 2020, Huobi Futures launched Perpetual Swaps in response to market demand.
Moreover, the platform claims in its report that after one month of the launch the Perpetual Swaps market a record growth of $4.94B in 24-hour volume from its day one. Apart from this, Huobi’s other prominent development Bi-quarterly Contracts commenced from June 15.
Additionally, during the second quarter, Houbi hosted many significant community events such as Huobi All-Star VIP Free Promotion, Halving Countdown-Predict to Win, 0% Trading Fees on HUSD Zone, and many more.
Summing up with the report, Huobi Future quoted that the second quarter was a fascinating time for traders. As the crypto markets indicated increased demand and volatility. The platform has come up as a choice for the crypto community due to the expansion of its products and services in 2020.