Huobi Global Launches Trading in HUSD Stablecoin
- The cryptocurrency exchange has made the move following trading demand from users.
Singapore based cryptocurrency exchange, Huobi Global, announced this Friday that it has launched trading in HUSD, a USD-backed stablecoin, in order to meet the trading demand for its users.
In particular, Huobi announced that at 11:00 Singapore time this Friday, 25th September 2020, the exchange launched spot trading on two trading pairs: VET/HUSD and BTM/HUSD.
HUSD is a stablecoin issued by Stable Universal and pegged 1:1 to the U.S. dollar. The currency was launched in July 2019. Since then, a number of applications in cryptocurrency trading, digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and DeFi have supported the stablecoin.
Derivatives Trading Spikes on Huobi
Huobi has been actively expanding its offering across its range of platforms. As Finance Magnates reported, Huobi Futures launched Bitcoin Options trading, which went live on 1st September at 10:00 UTC.
Specifically, ‘call options’ offer the buyer of the options the right to purchase the underlying asset at a specified price on a specified date, while ‘put options’ give the buyer the right to sell at a specified price and date.
During this time, Ciara Sun, vice president of Global Business at Huobi Group, highlighted in a company statement that Huobi had also seen a surge in derivatives trading volume across the board amid COVID-19.
“In the aggregate, growth in crypto derivatives trading volume is now outpacing that of spot trading,” Huobi said at the end of August.
Trading Providers Aim to Capture Heightened Trading Activity
In an increasingly competitive trading environment, which has received a real boost amid the coronavirus pandemic, more brokerages and trading providers have rapidly expanded their trading offering.
As we previously analysed, multi-asset trading providers appeared to best capitalise on the heightened trading activity amid heightened levels of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Not only this, but trading providers are trying to increasingly capture the millennial market by launching commission-free trading of stocks and other assets, as well as providing options to make smaller investments, such as fractional shares.
Singapore based cryptocurrency exchange, Huobi Global, announced this Friday that it has launched trading in HUSD, a USD-backed stablecoin, in order to meet the trading demand for its users.
In particular, Huobi announced that at 11:00 Singapore time this Friday, 25th September 2020, the exchange launched spot trading on two trading pairs: VET/HUSD and BTM/HUSD.
HUSD is a stablecoin issued by Stable Universal and pegged 1:1 to the U.S. dollar. The currency was launched in July 2019. Since then, a number of applications in cryptocurrency trading, digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and DeFi have supported the stablecoin.
Derivatives Trading Spikes on Huobi
Huobi has been actively expanding its offering across its range of platforms. As Finance Magnates reported, Huobi Futures launched Bitcoin Options trading, which went live on 1st September at 10:00 UTC.
Specifically, ‘call options’ offer the buyer of the options the right to purchase the underlying asset at a specified price on a specified date, while ‘put options’ give the buyer the right to sell at a specified price and date.
During this time, Ciara Sun, vice president of Global Business at Huobi Group, highlighted in a company statement that Huobi had also seen a surge in derivatives trading volume across the board amid COVID-19.
“In the aggregate, growth in crypto derivatives trading volume is now outpacing that of spot trading,” Huobi said at the end of August.
Trading Providers Aim to Capture Heightened Trading Activity
In an increasingly competitive trading environment, which has received a real boost amid the coronavirus pandemic, more brokerages and trading providers have rapidly expanded their trading offering.
As we previously analysed, multi-asset trading providers appeared to best capitalise on the heightened trading activity amid heightened levels of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Not only this, but trading providers are trying to increasingly capture the millennial market by launching commission-free trading of stocks and other assets, as well as providing options to make smaller investments, such as fractional shares.