ATOM

Huobi Technology : Futures Will Add DeFi Token KNC after Listing of 7 Tokens to Its Suite of Perpetual Swaps – marketscreener.com

Huobi Futures, the leading cryptoasset derivatives trading platform of Huobi Group, today announced the listing of seven tokens for perpetual swaps trading. The platform is offering 1x to 75x leveraged options for the newly added tokens – NEO, XTZ, ATOM, IOTA, ONT, XLM, and XMR.

Along with the 13 tokens that were previously launched, the number of tokens that is trading on perpetual swaps platform of Huobi Futures has expanded to 20 so far. Huobi Future is the first of the industry to allow 7 tokens listing at once, which requires strong systematic support from operations and risk control.

Real-Time Settlement on Perpetual Swaps

On July 23rd, Huobi Futures approved the real-time settlement of perpetual trading for LTC and it is the first and only derivatives platform that supports real-time settlement. For example, a user can withdraw the profit real time after closing the position on LTC perpetual swaps without waiting after settlement. The newly added feature function can effectively improve traders’ capital use in derivative trading.

There is no delivery date for the newly launched 7 tokens. The face value for each contract is $10 USD and the underlying contracts are all spot USD indices of their corresponding digital assets, and are settled every 8 hours with settlement timestamps at 20:00, 4:00, 12:00 (UTC). Traders can withdraw their profit immediately after settlement.

Huobi has established a perfect risk control system to bear more risks and to minimize the risks for all traders. Listing 7 tokens at once
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