EOS prices may rise as Huobi cryptocurrency exchange announced its launch on December 28, 2018 at 18:00 EST on the SGT derivatives market.
The Huobi Derivatives Market was launched at the end of November 2018 during the Coinfrontiers conference in New York. First, the Singapore exchange Huobi entered the market, presenting contracts for Bitcoin and Ethereum.
The statement says that this type of contract will be executed weekly, biweekly and quarterly, with a nominal value set at $ 10.
The minimum margin or leverage reaches up to 20x, while the opening and closing fees for makers and takers are set at 0.02% and 0.03%, respectively.
Also, users must place both long and short positions on EOS, referring to arbitrage, speculation and hedging.
The token of the Huobi exchange reached a total market capitalization of $ 55.91 million, and the exchange itself ranked third, with a total trading volume of $ 605,078,357.
Probably, EOS cryptocurrency, which is now among the top five cryptocurrencies, should increase in price, which will be due to the launch of derivatives