Huobi DM's trading volume reached $ 12 billion in December The trading volume of the new derivative platform of the cryptocurrency exchange Huobi for the first full month of operation was $ 12 billion, writes Finance Magnates.

Huobi DM Trading Volume Reaches $ 12 Billion In December

The trading volumes of the new derivative platform of the cryptocurrency exchange Huobi for the first full month of operation amounted to $ 12 billion, writes Finance Magnates.

Huobi DM allows institutional and professional investors to trade cryptocurrency contracts. The service opened in beta access with the launch of Bitcoin contracts on November 21. Since that time, tools have also appeared on the platform allowing you to trade Ethereum and EOS..

On December 10, the daily trading volume of the Huobi DM platform reached $ 195 million for the first time, and on December 27, the company announced that it had recorded a new record at around $ 1 billion..

“We are extremely pleased with the rapid growth of Huobi DM in December,” said Huobi Global CEO Livio Veng. "We believe it shows the tremendous interest of institutional and professional traders.".

According to a statement released on Friday, the company will continue to develop Huobi DM throughout 2019. In particular, she plans to implement new types of contracts and expand the functionality of the platform..

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