Huobi Group, the blockchain technology, and exchange operator company, announced today that its Huobi Derivative Market (Huobi DM) has launched a derivatives trading contract for Tron (TRX). Tron’s inclusion marks the seventh coin type to be added to the platform since its launch in November.
[perfectpullquote align=”full” bordertop=”false” cite=”Ross Zhang, CEO of Huobi Group” link=”” color=”” class=”” size=”17″]”The addition of Tron is another big step towards our goal of making Huobi DM the most powerful and flexible platform of its kind. We look forward to adding even more coin types over the course of this year.”[/perfectpullquote]
Huobi DM launches TRX
- The fee structure for TRX is 0.02% to open or close for makers and 0.03% to open or close for takers.
- Inclusion on Huobi DM means traders will be able to take both long and short positions on TRX, allowing for arbitrage, speculation, and hedging. Since 2017, TRX’s value has fluctuated between USD 0.001091 and USD 0.300363.
- As part of Huobi’s rollout of TRX, the company will be giving away 1 million TRX tokens to Huobi DM traders and offering a 100% maker fee rebate on TRX contracts to our users.
In addition to TRX, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).