At two blockchain-related events held in New York this week, popular cryptocurrency exchange Huobi announced the launch of a Huobi Derivative Market (Huobi DM), and HUSD stablecoin token.

The Singapore-based exchange’s new platform was introduced at the Cryptofrontiers conference in New York earlier today, a blockchain networking event which is hosted by the Huobi Group. Huobi DM will allow customers to engage in cryptocurrency futures trading on both falling and rising prices. Futures trading allows parties to buy or sell cryptocurrency at an agreed upon price and a specified date in the future. Huobi stressed their new product, which is currently in beta testing, will not be available to customers in the US, Singapore, Israel, Malaysia, and Hong Kong, among other jurisdictions, due to legal reasons.

At the Stablecoin New York confer…

This article appeared first on Cryptovest

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