Huobi Derivative Market opens Tron (TRX) contract trading

TRX derivative trading brings the total number of coins on Huobi DM to seven.
“…We look forward to adding even more coin types over the course of the year,” Ross Zhang.

John Isige FXStreet

The Huobi Group, a leader in both the blockchain technology and crypto trading has announced today that its divertive trading unit is launching Tron (TRX) contract trading. Tron support on the platform brings the total number of assets supported to seven. Huobi Derivative Market (Huobi DM) was launched in November 2018.

According to Ross Zhang, the CEO of Huobi Group:

“The addition of Tron is another big step towards our goal of making Huobi DM the most powerful and flexible platform of its kind. We look forward to adding even more coin types over the course of the year.”

TRX derivative trading goes live a fee of 0.02% to open or close for maker while 0.03% to open or close for the takers. The support gives traders the ability to either long or short positions on TRX. This enables traders to carry out arbitrage, speculate or even hedge.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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