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Huobi DM Adds Instant Settlement for BTC contracts

  • Denis Sinyavskiy
    πŸ“° News

    The Huobi DM cryptocurrency exchange has added several updates at once. Now you can carry out instant settlements for BTC contracts, as well as trade Bitcoin SV


Huobi DM Adds Instant Settlement for BTC contracts

According to the company's press release, the Huobi DM cryptocurrency exchange took a huge step forward and added the ability to instant settlement for BTC contracts.

At the moment, an instant settlement is available only for Bitcoin contracts, but in the future, developers plan to add other types of contracts. Such an update increases the attractiveness of the crypto exchange, as most competitors offer only weekly and daily contracts with scheduled settlements. Livio Weng, CEO of Huobi Global, shared his thoughts on the innovation:

Huobi DM’s phenomenal growth proves that not only it is a great product but that the time for products like ours has come. The digital asset space is becoming increasingly mature and sophisticated and it’s possible to do things now that were only a fantasy a few short years ago. Users are increasingly demanding tools to respond and engage with this new reality.

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Another innovation was the ability to trade Bitcoin SV (BSV) contracts. Cryptocurrency became the eighth in the list, adding such names as BTC, ETH, EOS, LTC, XRP, BCH and TRX.

For all o these cryptocurrencies Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts. The company's services are available to citizens of more than 130 countries.

Cover image via www.123rf.com
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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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