Huobi will soon start futures trading for Ripple (XRP)! Other cryptocurrencies are also planned to be added
Huobi to Launch Ripple (XRP) Futures Trading
China's leading cryptocurrency exchange Huobi announced on January 27 that the new derivative trading market it launched at the end of last year, the "Huobi Derivatives Market," will offer futures trading products for the cryptocurrency Ripple (XRP).
The plan was disclosed by Huobi's advisory attorney and head of Global Sales and Corporate Affairs, Josh Goodbody.
In an interview with the cryptocurrency information media CRYPTO BRIEFING, he spoke about the XRP futures trading start plan as follows.
Mr. Josh Goodbody
We plan to release XRP futures trading in the near future.
Additionally, within 2019 we plan to add other cryptocurrencies to futures trading, and this announcement is likely to feel even sooner.
Huobi's derivatives market "Huobi Derivatives Market" currently offers the following four cryptocurrency futures products.
- Bitcoin (BTC)
- Ethereum (ETH)
- EOS (EOS)
- Litecoin (LTC)
There are not many companies conducting cryptocurrency futures trading.
Besides Huobi, well-known futures trading players include the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME).
Recently, others include Bakkt operated by ICE, the parent company of the New York Stock Exchange, and Nasdaq, among others.
Cryptocurrency derivatives are attracting attention as financial instruments for institutional investors to back the declining crypto market while aiming to mitigate risk.
【Table of Contents for this article】
1: Huobi to Launch Ripple (XRP) Futures Trading
2: The Aim of Huobi Derivatives Market
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