After the launch of futures on XRP on March 29th, today the Huobi platform launches Bitcoin Cash (BCH) contracts on the Huobi Derivative Market (Huobi DM).
This means that traders using the exchange will be able to trade on long and short term positions with Bitcoin Cash, as well as having a choice between arbitrage, speculation and hedging.
In short, Huobi’s promise to integrate other cryptocurrencies on its platform has been fulfilled and, in fact, just under 2 weeks ago it integrated the futures on Ripple (XRP) that joined bitcoin (BTC), ethereum (ETH), EOS and litecoin (LTC).
According to some rumours, the next crypto to be integrated as a contract by Huobi is Tron (TRX), but there are still no confirmations.
Launched last November, the Huobi Derivative Market (Huobi DM) platform allows selling cryptocurrencies at a certain price at a specific time in the future, giving investors and traders the ability to open both short and long positions.
Huobi Derivative Market (Huobi DM) also has a special subscription for VIP customers, the Huobi DM VIP Clients Preferential Plan, which means it is easier for customers to customise their contracts.