Huobi Global cryptocurrency derivatives
What is Huobi Global?
Huobi Group, the world's leading blockchain company, was founded in 2013 to make a breakthrough in mainstream blockchain technology and the subsequent integration of blockchain technology with other industries.
Over time, Huobi Group has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, private equity investments, project incubation, digital asset research. Huobi Group has built a global digital ecosystem by investing in over 60 blockchain development and legacy companies.
The exchange also has its own HT token Huobi Token, which allows users to get a discount on any type of commission on the platform. Moreover, customers get the right to vote on important decisions.
Huobi Global has a blog that contains informative articles on the latest company news. All information in the blog is presented in English, but the main project site supports more than 10 of the most popular languages. For beginners, there is also a detailed guide that contains instructions.
The Huobi exchange is constantly evolving, complementing the functionality and trading capabilities of traders. Focusing on international trading, the creators of the platform strive to expand the client base, make the site multilingual, include national currencies of different countries in the listing and open representative offices around the world.
What are crypto derivatives?
Financial derivatives are often discussed when it comes to the crypto industry, especially in relation to Bitcoin or altcoin futures contracts.
It is worth noting that a derivative is one of the oldest forms of financial contracts in the market. The history of such transactions can be traced back to ancient times. In the Middle Ages, derivatives were used to facilitate transactions between merchants who traded throughout Europe and participated in periodical fairs, an early form of medieval markets.
A derivative is a financial contract between two or more parties based on the future price of an underlying asset.
A crypto derivative is a financial contract between parties based on the future price of a cryptocurrency.
Over the centuries, derivatives have evolved to become one of the most popular financial instruments. The emergence of cryptocurrency derivatives has become a logical continuation of the evolution of the digital money market. Now almost all cryptocurrency exchanges offer their users derivatives, which are becoming more and more popular every day.
The first derivative (bitconi futures) was launched in 2017 by the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) at the peak of a cryptocurrency bull market in December 2017.
This step has become an important milestone for the entire cryptoindustry, as futures contracts allow investors to hedge positions and reduce the risks of uncertainty.
In other words, trading Bitcoin and altcoin futures allows large traders to mitigate risk through a contract that is settled directly at the underlying cryptocurrency auction price.
Moreover, many traders want to capitalize on such drastic changes by trading derivative contracts for Bitcoin and major altcoins. To capitalize on a sudden change in the price of the underlying asset, a trader can buy cryptocurrency at a low price and sell it later at a higher price. However, such a strategy is only relevant during a bull market and is very risky - just like all other attempts to speculate on the price of the underlying asset.
Another strategy is called short selling and is a way to make money even in a bearish cryptocurrency market, or a market that is experiencing a downtrend. To do this, traders usually take assets on credit from a third party - be it an exchange or a broker - and sell them in the market when they expect the price to go down. When the price of a coin falls, the trader buys the same amount of the asset at a lower price and benefits from the price change. Less exchange or broker commission.
What is crypto derivatives exchange?
The Crypto derivatives exchange is a program that offers users not only the spot market, but also cryptocurrency derivatives. For example, you can trade on Huobi Global derivatives in the Philippines, Pakistan, Indonesia and other countries around the world.
Huobi Global derivatives in the Philippines provide you with more opportunities to earn money in the financial market. You can hedge your risks, trade with leverage, and follow the trend in both bull and bear markets.
All these features are offered to you by Huobi Global derivatives trading platform or other exchanges that provide the ability to trade cryptocurrency derivatives.
How does cryptocurrency derivatives trading work?
Huobi Global platform offers users a very convenient derivatives trading platform. You can work both on your own developed chart and on the integrated with tradingview. In this case, you get an even more functional platform with built-in indicators and other tools for market analysis.
Huobi Global derivatives trading platform provides customers with the most user-friendly interface that is essential when trading.
Traders can use 3 types of orders:
The Huobi cryptocurrency derivatives trading platform also offers leverage that varies from instrument to instrument.
How to trade Huobi Global derivatives in the Philippines?
To start trading on Huobi Global derivatives in the Philippines, you need to register an official account and fund your trading account. After that, the user will have access to all the functionality of the Huobi Global crypto derivatives trading platform.
Next, you need to select the type of derivatives in the main menu and you will be redirected to the trading platform page. All the necessary functionality for derivatives trading is provided here.
How to register?
To register a new account on Huobi, you need to follow these steps:
- Click the "Register" button in the upper right corner of the website.
- Register for a Huobi account using your mobile phone or email address.
- Fill out the registration forum.
You can also register a new account via the mobile app Huobi.
The platform also provides a high degree of protection for your account. Two-factor authentication is an additional layer of account security, which we recommend enabling immediately after registration and verification.
This method of protecting your account implies that every time you log in to the system, withdraw funds and other actions with the account, the system will ask for a one-time 2FA code, without which no one (even the one who found out your password) will be able to get into your personal account.
How to open a demo account?
Not all exchanges offer the option to open a demo account. Huobi Global crypto derivatives trading provides users with this opportunity.
This feature will be useful for both beginners and experienced traders.
How to open a real account?
A real account on the Huobi cryptocurrency derivatives trading platform opens automatically upon registration. Once the registration process is complete, you can immediately fund your account and trade on Huobi Global crypto derivatives in the Philippines.
How to replenish a deposit?
To fund your account and start trading on Huobi Global Derivatives in the Philippines, you need to do the following:
- Log into your account and go to "Balances" - "Exchange Account (Deposit and Withdrawal)".
- Click "Deposit" in the upper right corner. Or find the coin you want to deposit and click "Deposit" at the end of its dashboard.
- Select the desired chain and complete the transfer of funds.
This instruction is relevant when depositing a cryptocurrency account. On Huobi, you can also fund your account using your credit card. Not many exchanges provide this option. Therefore, the Huobi exchange is popular with traders.
Customers can fund their account using a local currency credit card and trade on Huobi cryptocurrency derivatives in the Philippines.
To replenish an account from a card, go to the "Buy cryptocurrency" section and select "Quick buy / sell". Next, select the type of cryptocurrency and local currency you want to buy from the drop-down menu. Next, enter the card details and make a purchase.
One has only to take into account that the platform does not support maps from all countries. For more information, visit the Huobi Global crypto derivatives trading platform.
Minimum deposit amount
The minimum deposit depends on the method of funding the trading account and currency. For example, if you fund your account in dollars, the minimum amount is $100.
How to withdraw money?
Huobi offers a variety of withdrawal options. The minimum withdrawal level depends on the withdrawal method and currency. The maximum level depends on the type of account and the level of verification.
The platform also allows you to withdraw funds in some national currencies. By trading Huobi cryptocurrency derivatives in the Philippines, you can choose your preferred withdrawal currency.
You can withdraw funds from Huobi Global crypto derivatives trading platform in cryptocurrency. In this case, the withdrawal is carried out very quickly.
Huobi Global derivatives list
The platform provides a wide range of derivatives. They are all divided into groups. For a complete list, visit the Huobi Global derivatives trading platform.
How does Huobi Global crypto derivatives trading work?
Huobi Global crypto derivatives trading platform offers users a very user-friendly interface. In addition to their own platform, users can take advantage of the built-in Tradingview interface.
Alternatives to Huobi Global cryptocurrency derivatives
There is a lot of competition in the cryptocurrency derivatives market. There are quite a few exchanges that have achieved more significant success and show a higher turnover. Nevertheless, Huobi Global derivatives trading remains among the market leaders.
The popularity of the platform is due to several factors, including the convenience of depositing funds and a functional trading platform.