23 Dec Huobi Futures Announces Launch of Cross-Margin Support for USDT-Margined Swaps, Plans to Give Away 50000 USDT
The leading crypto derivatives platform, Huobi Futures has recently announced a new app feature that allows USDT-Margined Swap traders to avail cross-margining support for their trade positions. The feature offers a great deal of flexibility by offsetting positions that are close to being liquidated with profitable ones to ensure a convenient and highly optimized trading experience.
With the help of cross margining, Huobi Futures users will now be able to pick strategies of their choice to manage portfolios efficiently. Announcing the new app feature, the Vice President of Global Business at Huobi Group Ciara Sun said,
“With cross margining, we are aiming to give our users more control over the way they trade digital assets and manage their portfolios – a key objective at Huobi”. Further adding, “Everyone has a different trading methodology and strategy, so we want to empower users to build diverse portfolios without penalizing individual positions within a silo. Cross margining takes a more holistic approaches when assessing margin requirements by taking into account a user’s overall standing”
The launch of a new app feature is accompanied by a bunch of awareness campaigns where traders securing a cumulative volume of 500 USDT or more during the period can win up to 50,000 USDT. The campaign duration is set at one-week, starting December 17th, 2020 and eligible participants will have to share their activity poster showing trade volumes on social media to enter the contest. Other ongoing campaigns include Huobi’s “VIP+1 policy” and “Deposit to Become a VIP” along with an attractive maker fee rebate to its users.
From now onwards, users on Huobi Futures can enjoy both cross-margin and isolated-margin trading of USDT-margined swaps. As the crypto market continues to be volatile, the cross margined swaps will help traders reduce the risk of liquidation as the trader’s entire available asset balance will act as a margin while realized PnL from any one position can support the losing positions. Some of the trading pairs benefiting from cross margining include BTC/USDT, ETH/USDT, LINK/USDT, LTC/USDT, XRP/USDT, TRX/USDT. DOT/USDT, ADA/USDT, EOS/USDT and BCH/USDT. These pairs, along with LINK/USD, TRX/USD, XRP/USD and ADA/USD coin-margined futures and swaps also have real-time settlements enabled on the platform.
“Not being able to switch modes when holding open orders or positions has always been a sour point in the current derivatives market. Huobi has innovated a unique solution especially for users who want to switch mode when holding positions or open orders,” added Ciara Sun.
Huobi Futures has completed two years of existence and in such a short period, it has grown to become one of the largest digital assets derivatives markets with total cumulative trading volumes exceeding $2.6 trillion.