As Huobi DM celebrates its first anniversary today, the cryptocurrency exchange has pledged to offer crypto perpetual contract next year. Huobi DM is a top global digital assets and blockchain company. It offers a convenient and secure platform for millions of its users in over 120 countries.
The firm said it would start perpetual contracts from the first quarter of next year, to show how far the company has grown. Perpetual contracts are like traditional futures, but they don’t have a settlement or expiry dates.
Huobi DM has grown bigger since its establishment
Huobi DM board members have worked really hard in the industry to reach the level the company is now. Using the Aicoins trading volume measuring formula, Huobi DM has overtaken a lot of competitors.
The company’s trading volume has had impressive growth since it was launched in 2013. Dataset revealed that Huobi DM has been on top of their game, and on Monday, it has outpaced most of its competitors.
Currently, the company has up to $2.1 billion in daily traded volume, which is far more than its competitors. Dataset statistics showed that within a space of a month (from October to November), the firm’s daily transaction volume had exceeded $2.5 billion. Besides, the company is averaging $1.5 billion in terms of Bitcoin contracts.
This volume has surpassed that of its closest competitors in the industry. It rose to an all-time high of $6.7 billion and $9.9 billion for both BTC and DM, respectively.
VP of Huobi Group, Jason Lan, stated that the large wealth of products Huobi has accumulated shows its strength. He further revealed that the company had an impressive result in the Sentiment Index Function last month. This function offers short and long data, liquidation, and open interest to users. It ensures better decisions and market analysis on the platform. With all these good things happening within the platform, Huobi DM is not relenting on its efforts to improve on all indices, he stated.
Currently, the firm is trying to update its API to offer support for more types of orders, especially the advanced limit orders.
Huobi DM still improving to become even better
At the moment, Huobi DM is accessible in 6 different languages, including Korean, Turkish, Vietnamese, Russian, English, and Chinese. Huobi platform also accepts the nine major crypto coins of ETC, BSV, TRX, XRP, LTC, BTC, BCH, ETH, and EOS.
Also, Huobi had carried out a promotional service in Vietnam in line with the launch of trading services in the country. In September, Huboi entered the Argentina market that is still battling with inflation. The state of Argentina’s economy makes the crypto exchange a rewarding business in the country.
Lan reiterated that the board is still planning something big for the company. He said the crypto community should expect better days ahead because the platform will expand to accommodate other markets.
The company intends to offer additional products to gain more share of the market. The perpetual contract is just the starting point as it tends to offer other services. Lan said the company could have more localized events and offices as the company grows to offer more markets and languages.