Huobi Derivative Market (Huobi DM) today launched Bitcoin Cash (BCH) service. Inclusion on Huobi DM means traders will be able to take both long and short positions on BCH, allowing for arbitrage, speculation, and hedging.
For the launch, Huobi DM is also offering a 100% maker fee rebate. Since 2017, Bitcoin Cash’s value has fluctuated between $75.08 and $4,355.62.
In addition to BCH, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and, as of last month, Ripple (XRP).
Since its launch in late 2018, Huobi DM has grown quickly, recently reporting having exceeded USD $92 billion in cumulative trading volume.
The exchange company also confirmed today that two more coins are scheduled to be launched on Huobi DM before the end of May.