- Huobi USDT swaps are coming onto the exchange in October.
- Ten pairs have been listed so far and more to come.
- Huobi offers a range of facilities to get users on board.
Bitcoin exchange founded in 2013, Huobi Futures has launched its upgraded offer on Oct 26th. The offer aims to utilize the rapidly growing cryptocurrency market with Tether USDT swaps. The first cluster includes cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), LINK, Dotcoin (DOT), Uniswap (UNI), Filecoin (FIL), Yeam Finance (YFI), and Binance Coin (BNB) for transactions.
Stablecoin market value has witnessed a drastic change since early 2019 when it was valued at $2.6 billion to 2020 where its current value is over $20 billion. Tether (USDT) alone has crossed the $16 million mark. The stats clearly indicate stablecoins strong face value within transactions in the digital space. Merchants will enjoy enhanced benefits using margined swaps specific to USDT.
Huobi offers facilitations for USDT swaps
Quotes and calculations are all in USDT using the margined USDT swaps and since delivery commitments are absent, traders are allowed to hold positions untimely with respect to the risk of liquidation. Huobi has also added direct Visa and MasterCard payments.
USDT margined swaps deal with a lower contract value as opposed to the coin margined swaps. In order to lower the gateway for merchants the interface provide an adjustable but set at 125x leverage . however this number is adjustable going by case to case. Huobi Futures boasts a crystalline clear fee plan. The only pricing being charged is that for opening and closing transactions.
Furthermore, its multiform functions grant users several benefits; one of them is to fix long and short pointer for an asset that could reap a reduction in margins and, in turn, reduces risks for liquidation. The new functionality has upgraded means to the security of digital assets like that of dual authentication, wallets separation, and state of the art data protection solutions.
As per Head of Global Business and Markets and VP of Huobi Futures, the boom in stablecoin growth has increased the monetary flow in this market and encourages traders to use it as a primary aim. To avoid risks associated with value fluctuations of USDT swaps with leverages going as high as 1000x are also on offer.