LondonAnd January 30 2022 /PRNewswire/- Huobi Global, one of the world’s leading digital asset exchanges, today announced the launch of a trading fee discount campaign for futures contracts with USDT margins, becoming the first cryptocurrency exchange to offer discounts on manufacturer fees (up to 0.015%) to all users. The platform also offers among the lowest taker fees on the market: even regular users can get a 0.02% taker fee for trading futures contracts with USDT margins.
Common among digital asset trading platforms, the maker and taker model is a way of separating orders that provide liquidity (maker orders) and those that take liquidity (take orders). Unlike a recipient order, which gets the fee when the order is matched immediately with an order already in the order book, the manufacturer order gets the fee when the order is placed in the order book and waits for others to match it with it. This special campaign is unique in that it incentivizes all individual users who trade as a Maker by offering an additional 0.015% of futures trading volumes with USDT margin.
Margin USDT futures contracts play a vital role as derivatives by enabling investors to hedge a position, speculate on an underlying asset or leverage their positions. By using the USDT stablecoin as a margin asset, users can trade multiple contracts without having to purchase different assets. When people trade futures contracts with USDT margin, profits are calculated in USDT, making it easier for investors to measure and calculate profits. In addition to the high discount for manufacturer fees, Huobi’s USDT margin futures contracts also offer fees as low as 0.02% to all users who trade as a scalper. Usually, only the highest level VIPs or market makers can enjoy this feature on competing platforms.
“We hope that even users with limited capital can benefit from our ecosystem, which is why we are launching this campaign. In addition to helping users save on trading costs, we also have advanced risk control systems that help assess risks and protect them from unexpected liquidation when they take up positions leveraged” Jeff MayDirector of Global Strategy.
From Jan 31 to Feb 28Users will be able to trade and earn additional income on Huobi Futures. For more details, click here.
About Huobi . Group
Huobi Group, a global leader in the blockchain space, was founded in 2013 to achieve breakthroughs in core blockchain technology and further integrate blockchain technology with other industries. Huobi Group has expanded its products and services to include public blockchains, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research, and more. Huobi Group has built a global digital ecosystem by investing in more than 60 upstream and downstream companies across the blockchain industry.
The source is Hubei