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In Market First, Huobi DM Adds Instant Settlement For BTC Contracts

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In a market first, Huobi DM, Huobi’s innovative crypto contract asset service, now offers instant settlement for Bitcoin (BTC) contracts.

“Huobi DM’s phenomenal growth proves that not only it is a great product but that the time for products like ours has come,” said Livio Weng, CEO of Huobi Global. “The digital asset space is becoming increasingly mature and sophisticated and it’s possible to do things now that were only a fantasy a few short years ago. Users are increasingly demanding tools to respond and engage with this new reality.”

Compared to competitors, who only offer weekly or, at best, daily settlement at a fixed time, Huobi DM’s superior risk control methods now allow it to provide users with the ability to withdraw their funds immediately when closing BTC contracts (deducting floating losses and frozen margin). In addition to protecting users in the unlikely event of a clawback, the new feature gives users more freedom and flexibility in the use of their funds. Though limited at present to BTC contracts, Huobi may expand real-time settlement to other types of contracts as well.

Developing Fast:

Now exceeding the equivalent of USD $720 billion in cumulative trading volume, Huobi DM has quickly established itself as a leader in the crypto asset contract market. Despite being less than a year old, quarterly trading volumes on delivery contracts (IE weekly, bi-weekly, and quarterly contracts) reached the equivalent of USD $59.9 billion in Q1 of 2019 and USD $340 billion in Q2. In a first for the platform, Huobi DM even exceeded its more established major competitors in 24-hour trading volume at several points during the first part of August during Q3.

Now With BSV Contracts:

Huobi DM recently added Bitcoin SV contracts, its eighth contract type. Inclusion on Huobi DM means traders will be able to take both long and short positions on BSV, allowing for arbitrage, speculation, and hedging. Since November of 2018, Bitcoin Cash’s value has fluctuated between $100 and $490 on Huobi Global.

In addition to BSV and BTC, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and Ripple (XRP).

Huobi DM Key Advantages:

  • Competitive fee structures: BSV contracts are 0.02% to open or close for makers and 0.03% to open or close for takers.
  • 8 major cryptocurrencies for users to trade with means more options: BTC, BSV, ETH, EOS, LTC, XPR, BCH, and TRX.
  • Superior risk management, including Price Limit, Order Limit, and Position Limit.
  • Superior risk control: Thanks to our sophisticated price limit mechanisms, no clawback has occurred since Huobi DM’s launch.
  • Real-time risk supervision: We constantly monitor contract prices, index prices, abnormal transactions, and positions.
  • Strong user protections: To cover the societal losses attributed to unfilled liquidated orders/settle incidents in contract trading, Huobi DM has a dedicated Risk Management Insurance Fund for each trading pair.

For more information, contact [email protected]

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your trading ability and make decisions prudently. Please note that users must clear the requisite KYC checks and assessments prior to commencing usage of Huobi DM. Huobi DM is not available to users from the United States of AmericaSingaporeIsraelIraqHong Kong (China), CubaIranNorth KoreaSudanMalaysiaSyria, Samoa Eastern, Puerto RicoGuamBangladeshEcuador, and Kyrgyzstan.

 

SOURCE Huobi Global

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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