Quantower supports Huobi Derivatives trading: Coin-M Futures, Coin-M Swaps & USDT-M Swaps — Quantower trading platform
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Quantower supports Huobi Derivatives trading: Coin-M Futures, Coin-M Swaps & USDT-M Swaps

by Quantower  |  January 29, 2019

The latest update release of the Quantower trading platform brings good news for Derivative traders: we announce the support of Coin-M Futures, Coin-M Swaps & USDT-M Swaps on the Huobi exchange.

Today we released an update dedicated to Huobi crypto-exchange, allowing all users to trade derivatives via the Quantower trading platform. Huobi Global is one of the world’s leading digital asset financial service providers, delivering secure and reliable trading services to millions of traders all over the globe. Huobi has a strong 8-year track record in the industry and its exchange features an advanced structure built to protect against attacks and other potential threats with the help of its world-class security system.

Our trading community highly requested this feature, and now it is high time to test it out. If you are not familiar with this type of trading symbols, let’s take a brief look at them.

Coin-M Futures
All coin-margined futures have expiration dates. On expiry date, all open positions will be closed with the arithmetic average of their last hour index prices. Huobi Futures provides weekly, bi-weekly, quarterly and bi-quarterly futures. It is denominated in USD. It uses the underlying asset currency as margin and for PnL calculation. For example, trading BTC/USD coin-margined futures requires you to deposit BTC. The corresponding PnL and transaction fees are priced in BTC.

Coin-M Swaps
Coin-margined swaps have no expiration date. Users can hold them as long as they prefer but the profit/loss will be settled every 8 hours. Denominated in USD, coin-margined swaps use the underlying asset currency as margin and for PnL calculation. For example, if you trade BTC/USD swaps, you need to deposit BTC before trading, then your PnL and transaction fees are priced in BTC.

USDT-M Swaps
USDT-margined swaps have no expiration date. Users can hold them as long as they prefer but the profit/loss will be settled every 8 hours. Denominated in USDT, USDT-margined swaps use the stablecoin (USDT) as margin. Users holding USDT can trade all USDT-margined swaps. The PnL and transaction fees are also priced in USDT.

In general, Huobi Global is one of the largest global cryptocurrency exchanges that originated in 2013. The exchange offers a wide variety of coins and stablecoins to trade across many markets, alongside its invention — HUSD, a USD-backed stablecoin. Huobi also has a token — Huobi Token, or HT — a utility token for competitions, fee discounts, voting on some issues, and more. Many users choose to place their funds and trust with the company due to their proven track record, impressive team, and lucrative features outside the score of regular exchanges.

Together with this great news, we offer you to register in Huobi using this link and enjoy a discounted fee rate at 0.099% or 0.07% for spot trading:

  • If you register a new Huobi account through this link within 24 hours, your spot trading fee rate will be changed to 0.099%.
  • If you open the 'HT deduction' function, with any $HT holding, the fee rate will be 0.07%
Huobi Spot Trading Fee Rate Comparison
  Other users Registered by our link Discount rate
Without HT 0.2% 0.099% -51%
With HT Deduction 0.07%-0.2% 0.07 up to -51%

Please share your thoughts about this update in the comments, and feel free to contact our support managers if you have any questions.

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