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MainNewsHuobi To Lau...

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse
Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Key Points:

  • Huobi is launching USDC/USDT perpetual futures on March 12, 2023.
  • The addition of USDC/USDT perpetual futures is expected to tap into the growing stablecoin market and attract institutional and retail traders looking to trade in a more stable and less volatile market.
  • The USDC/USDT perpetual futures will be available with up to 50x leverage, giving traders the opportunity to amplify their profits, albeit at a higher risk.
Huobi, a leading cryptocurrency exchange, announces the launch of USDC/USDT perpetual futures, offering users the ability to trade with high leverage and hedge their positions.

According to the official announcement, Huobi will be launching USDC/USDT perpetual futures at 3:00 (UTC) on March 12, 2023.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi has been steadily expanding its futures offerings, and the addition of USDC/USDT perpetual futures is seen as a strategic move to capture a share of the growing stablecoin market. USD Coin and USD Tether are among the most popular stablecoins in the market, and their value is pegged to the US dollar, making them less volatile than other cryptocurrencies.

According to Huobi’s announcement, the USDC/USDT perpetual futures will be available with up to 50x leverage, giving traders the opportunity to amplify their profits, albeit at a higher risk. The exchange has also stated that it will be implementing robust risk management measures to ensure that the trading platform remains stable and secure.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

At the time of writing, USDC/USDT is trading at $0.9495 as shown by Huobi data.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi’s move to launch USDC/USDT perpetual futures is expected to attract both institutional and retail traders looking to trade in a more stable and less volatile market. With the launch just around the corner, traders are eagerly waiting to see how the product will perform in the market.

Coincu previously reported Huobi’s native token fell over 90% in a flash crash last Thursday trading. Meanwhile, Whale Alert data revealed a transfer of 100,000,000 USD Coin from Justin Sun’s wallet address to Huobi. Sun confirmed the transaction shortly after it was discovered.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Read the article at CoinCu News

Read More

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MainNewsHuobi To Lau...

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse
Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Key Points:

  • Huobi is launching USDC/USDT perpetual futures on March 12, 2023.
  • The addition of USDC/USDT perpetual futures is expected to tap into the growing stablecoin market and attract institutional and retail traders looking to trade in a more stable and less volatile market.
  • The USDC/USDT perpetual futures will be available with up to 50x leverage, giving traders the opportunity to amplify their profits, albeit at a higher risk.
Huobi, a leading cryptocurrency exchange, announces the launch of USDC/USDT perpetual futures, offering users the ability to trade with high leverage and hedge their positions.

According to the official announcement, Huobi will be launching USDC/USDT perpetual futures at 3:00 (UTC) on March 12, 2023.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi has been steadily expanding its futures offerings, and the addition of USDC/USDT perpetual futures is seen as a strategic move to capture a share of the growing stablecoin market. USD Coin and USD Tether are among the most popular stablecoins in the market, and their value is pegged to the US dollar, making them less volatile than other cryptocurrencies.

According to Huobi’s announcement, the USDC/USDT perpetual futures will be available with up to 50x leverage, giving traders the opportunity to amplify their profits, albeit at a higher risk. The exchange has also stated that it will be implementing robust risk management measures to ensure that the trading platform remains stable and secure.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

At the time of writing, USDC/USDT is trading at $0.9495 as shown by Huobi data.

Huobi To Launch USDC/USDT Perpetual Futures Amid SVB Collapse

Huobi’s move to launch USDC/USDT perpetual futures is expected to attract both institutional and retail traders looking to trade in a more stable and less volatile market. With the launch just around the corner, traders are eagerly waiting to see how the product will perform in the market.

Coincu previously reported Huobi’s native token fell over 90% in a flash crash last Thursday trading. Meanwhile, Whale Alert data revealed a transfer of 100,000,000 USD Coin from Justin Sun’s wallet address to Huobi. Sun confirmed the transaction shortly after it was discovered.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Read the article at CoinCu News

Read More

Binance maintains 59% dominance of CEX stablecoin reserves: Data

Binance maintains 59% dominance of CEX stablecoin reserves: Data

Binance, the biggest crypto exchange by trading volume, controls 59% of all stablecoi...
USDC Issuer Circle Raises $1.1B in Its IPO (Report)

USDC Issuer Circle Raises $1.1B in Its IPO (Report)

BlackRock’s 10% stake and ARK’s $150M order signal institutional embrace despite pend...