Huobi’s OTC desk reports mounting trading volumes despite fragile crypto-space

Despite the downturn of the cryptocurrencies that is observed in the past year, and may have caused apprehensions for aspirant cryptocurrency investor, we kept reiterating about series of constructive news flows on the other hand, like, ‘lingering optimism of ETFs approval, OTC trading facility, while tokenization mechanism has been a buzz world’, all these numerous news have been quite distinctive among the crypto-space. 

Huobi recently unveiled the Huobi Derivative Market, last December, a digital asset derivative trading platform has been launched in the name of Huobi Derivatives Market (Huobi DM). Singapore-headquartered renowned cryptocurrency exchange has reported a mammoth cent percentage spike in its trading volume in 2018 over the previous period, as per the sources of cointelegraph.

This platform has been emerging and turned out to be a huge success in terms of the trading volumes that have hit approximately $12 billion in just within a month or so and surpassed $20 billion marks in the few more days.

The announcement came in with the latest one that they have come up with the EOS contracts. The platform also provides tools for hedging and risk mitigating techniques.

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -50 levels (which is bearish), hourly USD spot index was at 95 (bullish) while articulating at (09:37 GMT). 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex