A leading cryptocurrency exchange Huobi has announced the launch of USDC/USDT perpetual futures trading, giving users the ability to trade with high leverage and hedge their positions. The company informed that perpetual futures will be launched at 3:00 (UTC) on March 12, 2023.
Huobi Launches USDC/USDT Perpetual Futures Amid SVB Collapse
Нuobi is steadily expanding its futures offerings. The addition of USDC/USDT pеrpetual futures may be a strategic move to gain share of the growing stablecoin market. USD Coin and USD Tether are two of the most popular stablecoins in the market. Their values are pegged to the US dollar, which makes them less volatile compared to other cryptocurrencies.
Нuobi informed in its announcement that the USDC/USDT pеrpetual futures will be available with up to 50x leverage, enabling traders to to increase their profits, albeit with higher risk. The company also said it would implement robust risk management measures to ensure the stability and security of its trading platform.
It seems that Нuobi’s launch of USDC/USDT pеrpetual futures will attract both institutional investors and individual traders looking to trade in a more stable and less volatile market. Now, when the launch is officially announced, traders are waiting to see how the product will perform in the market.
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