Huobi Futures, the leading platform for crypto derivatives, recently announced a new app feature that allows USDT margined swap traders to take advantage of cross-margining support for their trading positions. The feature offers a high level of flexibility by offsetting positions that are close to liquidation with profitable positions to ensure a convenient and highly optimized trading experience.
With cross-margining, Huobi Futures users can now select strategies of their choice to efficiently manage portfolios. Huobi Group’s Vice President of Global Business, Ciara Sun, announced the new app feature, saying:
“With cross margining, we want to give our users more control over how they trade digital assets and manage their portfolios – an important goal at Huobi.” Further adding, “Everyone has a different trading method and strategy. Therefore, we want to give users the ability to build different portfolios without affecting individual positions within a silo. Cross margining takes a more holistic approach to assessing margin requirements, taking into account a user’s overall position. “
The launch of a new app feature will be accompanied by a series of awareness campaigns where traders who secure a cumulative volume of USDT500 or more during the period can win up to USDT50,000. The campaign will last one week from December 17thth, 2020 and Eligible Entrants must share their activity poster with trading volumes on social media in order to participate in the contest. Other ongoing campaigns are Huobi’s “VIP + 1 Policy” and “Deposit to Become VIP”, as well as an attractive discount on the manufacturer fee for its users.
From now on, Huobi Futures users can enjoy both cross-margin and isolated trading in USDT-marginalized swaps. As the crypto market continues to be volatile, the cross-margined swaps will help traders reduce the risk of liquidation as the trader’s total available asset base acts as a margin, while realized PnLs from one position can support the losing positions. Some of the trading pairs that benefit from cross margining are BTC / USDT, ETH / USDT, LINK / USDT, LTC / USDT, XRP / USDT, TRX / USDT. DOT / USDT, ADA / USDT, EOS / USDT and BCH / USDT. In addition to LINK / USD, TRX / USD, XRP / USD and ADA / USD futures and swaps with a coin edge, these pairs also have real-time settlements on the platform.
“It has always been a sour point in the current derivatives market not to be able to switch modes when open orders or positions are held. Huobi has developed a unique solution especially for users who want to switch modes when they hold positions or open orders. “ added Ciara Sun.
Huobi Futures has been around for two years and in such a short amount of time it has grown into one of the largest derivatives markets for digital assets with a cumulative trading volume of more than $ 2.6 trillion.