The Huobi derivatives platform has been renamed Huobi Futures to attract more investors
The Huobi Group has renamed its derivatives trading platform to Huobi Futures in an effort to attract more investors to the crypto derivatives trading market.
The Huobi Group has renamed the Huobi DM trading platform to Huobi Futures.
According to the notification According to Huobi spokeswoman and global director, Ciara Sun, the new name of the exchange is intended to symbolize the growth of the emerging industry and become an industry that is currently attracting the interest of many institutions and private investors.
Huobi uses the potential of the derivatives market
Reports shared by Huobi Group show that the company’s derivatives platform saw significant growth in the first quarter of 2020, Huobi Futures to appeal to a wider audience.
According to the quarterly report, the number of institutional investors who came to Huobi Futures saw a remarkable 88.04% growth in the first quarter of 2020. The average quarterly derivatives trading volume rose 171.16% from $ 126.7 billion in 2019 $ 343.8 billion in the first quarter of 2020.
Ciara Sun also announced in an interview that institutional investors account for 40% of Huobi’s trading volume.
The market still has 5 years to mature
Sun noted that the cryptocurrency market is slowly maturing as more and more governments around the world take an interest in the sector and seek to better regulate the industry. This drives many institutional investors to enter the industry. However, we need more specific guidance from regulators so that larger organizations have confidence in the space and participate more actively.
“Large institutions will not trust digital exchanges that are not yet regulated, and we still have five years before the market is ripe.”
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