Huobi Plans To Launch Perpetual Swaps

Huobi DM, Huobi's innovative crypto contract service platform, celebrates the service's one-year anniversary with a new product offering. Huobi DM will launch perpetual contracts in a sign of how far the platform has come. Perpetual contracts are the derivative products similar to a traditional futures contract but without expiry or settlement.

According to Jason Lan, Vice President of Huobi Group, "the wealth of products added to Huobi DM reflects the overall strength of the platform". Lan highlighted DM's Sentiment Index function in October as a particularly exciting development. The Sentiment Index function releases open interest, liquidation, long and short data to users, which enables better market analyses and decisions. Huobi DM is also updating its API to support more order types such as advanced limit orders.

Huobi DM is already available in 6 languages, which are Chinese, English, Russian, Vietnamese, Turkish, and Korean. The recent launch of Vietnamese trading services was accompanied by promotional activities for Huobi DM in Vietnam. Also, Huobi DM covers the 9 major cryptocurrencies of BTC, EOS, ETH, BCH, LTC, XRP, TRX, BSV, and ETC.

For Huobi DM's future development, Lan stated that "our platform will expand to more diverse markets and add more product types, with perpetual contracts are just a start. With more languages and markets, we can have more localized offices and events."

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