May 19, 2020 02:30 UTC
May 19, 2020 at 02:30 UTC
Huobi Group Rebrands Its Derivatives Platform As Huobi Futures
Huobi Group has rebranded its digital currency derivatives exchange Huobi DM to Huobi Futures recently.
As indicated by the declaration from representative and head of Huobi global business Ciara Sun the new name of the exchange is to connote the development of the incipient industry into one that is currently collecting the interests of both institutional as well as retail investors.
Leveraging The Capability of the Derivatives Market
Reports shared by Huobi Group show that Huobi’s derivative platform has gotten significant growth for the company in the Q1 of 2020. It is apparent from the report why Huobi may be concentrating on rebranding and driving further its derivatives platform — presently called Huobi Futures — to a more extensive crowd.
The quarterly report says that Huobi Futures encountered a 88.04% climb in the quantity of institutional investors over Q1 of 2020. Derivatives trading volume saw an expansion of 171.16%, ascending from $126.7 billion normal quarterly trading volume 2019 to $343.8 billion in the first quarter of this year.
Ciara Sun additionally uncovered in a meeting that institutional investors represent 40% of Huobi’s trading volume.
Five Years From Market Development
Ciara Sun during the meeting that the digital currency markets are gradually developing as more governments around the globe check out the area and attempt to all the more likely regulate the industry. This is driving an expanded number of institutional investors to take an interest in the business. However, we may require increasingly determined direction from regulatory agencies for bigger foundations to trust the cryptosphere and get all the more effectively included.
Sun added –
“Larger institutions will not trust under-regulated digital asset exchanges, and we are still five years away from market maturity.”