|All Time High:|
|Market Cap: |
|The price of #HT today is $4.46 USD.|
The lowest HT price for this period was $0, the highest was $4.46, and the exact current price of one HT crypto coin is $4.46463.
The all-time high HT coin price was $40.08.
Use our custom price calculator to see the hypothetical price of HT with market cap of BTC or other crypto coins.
|The code for Huobi Token is #HT. |
Huobi Token is 4.7 years old.
|The current market capitalization for Huobi Token is $683,304,939.|
Huobi Token is ranked #60 out of all coins, by market cap (and other factors).
|There is a large daily trading volume on #HT.|
Today's 24-hour trading volume across all exchanges for Huobi Token is $11,582,204.
|The circulating supply of HT is 153,048,405 coins, which is 31% of the maximum coin supply.|
|HT is the native coin for the Huobi Token blockchain.|
View the full list of Huobi Token blockchain tokens, and has digital contracts with 2 other blockchains.
See list of the HT Blockchain contracts with 3 different blockchains.
|HT is integrated with many pairings with other cryptocurrencies and is listed on at least 24 crypto exchanges.|
View #HT trading pairs and crypto exchanges that currently support #HT purchase.
[Tutorial] Understanding the basics of futures trading: USDT-margined vs.
[Tutorial] Understanding the basics of futures trading: USDT-margined vs. Coin-margined, PNL calculation - It has been said that the concept of futures trading is difficult for the uninitiated to grasp. When entering the futures trading page on a crypto exchange site, you will see terms such as delivery futures, perpetual swaps, USDT- or coin-margined contracts, options, and other products. Those new to the game may be at a loss and struggle to make sense of them all. Indeed, it’s not easy for novices to distinguish all these products, not to mention start a trade and calculate profit and loss (PnL). To help users understand derivatives trading in a faster and easier way, Huobi Medium will publish a series of tutorials, using simple examples to make trading rules easy to understand. This article explains the underlying concepts and the core differences between USDT-margined and coin-margined contracts. In the second part, we will explain the workings of PnL calculation to make it clearer.JOIN HERE 🔹USDT-margined vs. Coin-margined USDT-margined contracts are contracts with all elements calculated/quoted in USDT. USDT-margined contracts use USDT as the margin (collateral asset, which can be used to fund an order and the contracts’ prices are quoted in the same stablecoin. The same applies to how their PnL is calculated and presented. Compared with USDT-margined contracts, coin-margined contracts are contracts with all elements calculated in a particular token. Take a coin-margined contract BTC/USD perpetual as an example. It uses Bitcoin (BTC) as the margin and its PnL is calculated using the latter token. However, its price is still quoted in USDT. 🔹PnL calculation 1) USDT-margined swaps Take a BTC/USDT perpetual as an example. Sarah opens a long position of 1 BTC at the price of 19,279 USDT at Huobi Futures. After two weeks, the price of the perpetual rises to 20,279 USDT. The profit Sarah makes is 20,279–19,279 = 1,000 USDT. (Transaction and funding fees are not considered in this example) 2) Coin-margined swaps Take a BTC/USD perpetual as another example. Sarah opens a short position of 1 BTC at the price of 19,209 USDT at Huobi Futures. After two weeks, the price of the perpetual falls to 18,209 USDT, resulting in a profit of 19,209–18,209 = 1,000 USDT. However, as mentioned earlier, PnL for coin-margined contracts should be calculated in the same token, which is BTC in this example. Therefore, the final PnL for Sarah is 1,000/18,209 = 0.055 BTC, which is her income from this transaction. (Transaction and funding fees are not considered in this example) Thus far, in terms of PnL calculation, the only difference between coin-margined and USDT-margined contracts is that the former is calculated in a particular token, while the latter uses USDT. It’s worth noting that this makes coin-margined contracts more popular in a bull market, as the value of the token would have appreciated since the time of placing the order. See, isn’t it easy to understand the basics of futures trading? Why not have a go and start trading on Huobi Futures? 🔹To sign up or log in on Huobi Futures, click here. [Tutorial] Understanding the basics of futures trading: USDT-margined vs. was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Enjoy Diverse Wealth Opportunities Post Ethereum Merge With Huobi Global!
The Ethereum Mainnet successfully completed the long-anticipated Merge on September 15, 2022 (at the block height of 15537393), and its consensus mechanism has officially shifted from Proof of Work (PoW) to Proof of Stake (Stake). This shift in consensus mechanism, however, has not curbed the enthusiasm of PoWminers, resulting in two Ethereum hard forks that continue to use PoW, and their corresponding tokens — ETHW and ETF.Learn about what Proof of Stake is here! With respect to the support given to ETHW and ETF by communities and users, , Huobi Global, one of the world’s leading cryptocurrency exchanges, has launched trading pairs for both ETHW and ETF alongside exciting events involving the two forked tokens. Let’s find out how users can seize profit-earning opportunities during these events. — 🟢ETH trading Competition. — Spot and grid trading available for the ETF/USDT trading pair was launched at 07:00 on September 16 2022. And an ETH trading competition will be held on the platform between September 17 to September 20 2022. Users who spot trade ETF during the campaign period are eligible for a share of the 30,000 ETF prize pool based on their spot trading volumes. Deposit ETF to share 30,000 ETF prize pool Users who are bullish about ETF’s future and wish to hold the token for the longer term can profit via the ETF deposit event. From September 17 to 20 2022, users who deposit ETF into their Huobi Global accounts from other platforms stand to share a prize pool totaling 30,000 ETF according to their net deposit (= deposit — withdrawal) volumes. — 🟢Predict ETF’s Price. — Users who prefer to neither trade nor hold ETF also stand the chance to profit from the Merge simply by predicting the ETF’s price. Huobi Global’s Predict ETF’s Price activity, held from September 18 to 21 2022, provides participants with the chance to share the 100,000 USDT Prize Pool. There will be 6 prediction rounds each day, with each round lasting 4 hours. In each round, participants will guess the closing price (in USDT) of ETF at 21:00 (UTC), 01:00 (UTC), 05:00 (UTC), 09:00 (UTC), 13:00 (UTC) and 17:00 (UTC) for the day. (ETF closing price is determined by the 1-minute ETF/USDT candlestick chart on Huobi ). There are 3 prize categories in this event: Jackpot Prize, Participation Prize and Lucky Star Prize. Jackpot Prize requirements: The daily prize pool will begin with an initial value, and the prize pool amount will increase in proportion to the number of participants. The final amount of each round’s prize pool depends on the number of participants in the round. The greater the number of participants, the larger the prize pool will be! The three lucky users who correctly predict ETF’s closing price will win a share of the round’s Jackpot Prize. Participation Prize requirements: In each round, the 4th-153rd users whose predictions e closest to the ETF closing price for the round will win a share of the prize pool. Lucky Star Prize requirements: After the start of each round, if no price predictions are submitted within 30 minutes during the prediction period, the last user who makes a prediction before the 30 minute-period will be eligible for the Lucky Star Prize worth 50 USDT. If there are multiple users eligible for the Lucky Star Prize in a round, the first eligible user will be declared the winner. — 🟢ETHW Trading Competition. — Users who have faith in ETHW also stand a chance to win. Huobi Global is holding the ETHW trading competition, which lasts from September 15 to 21 2022. .Users who trade ETHW (spot trading) during the campaign period are eligible for a share of a 10,000 USDT prize pool based on their spot trading volumes. The top ranked user will win 1,000 USDT while the second ranked user will receive 800 USDT. — 🟢Come trade ETF and ETHW on Huobi Global today!. — Enjoy Diverse Wealth Opportunities Post Ethereum Merge With Huobi Global! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Why Do Spot And Futures Prices Differ?
With the crypto market trending downwards since last December, many traders have been unable to profit via conventional buy low, sell high strategies. Some have given up, while others have entered the contracts battlefield. Novices to the futures market would first and foremost notice asset prices differences between spot and futures. Why is this so? Futures and spot are different trading types which exist in various markets and user groups.New to Huobi? Sign-up Here The spot price is the current market price of a digital asset that is available to be bought/sold for immediate settlement. Simply put, it is the price at which the traders value an asset right now. In contrast to spot assets, futures contracts are basically financial contracts between two parties to sell and buy assets at a set price in the future. The duration of future contracts may vary, but the settlement dates of each contract are always fixed, meaning the two parties must agree on a predefined settlement date before they enter into a futures contract. In short, the main difference between spot prices and futures prices is that spot prices are for immediate buying and selling, while futures contracts delay payment and delivery to predetermined future dates. This natural difference in properties between the two are also the cause of their price differences. What is important to note is that the price difference will always remain within a reasonable range. Let’s take a look at delivery futures at digital asset exchanges, which are largely similar to the traditional futures market. A quick search on Huobi Global will reveal various expiration periods for an asset, including Weekly, Bi-weekly and Quarterly contracts. Let’s take BTC/USDT Bi-weekly 0916 as an example. 🔹Example BTC/USDT Bi-weekly 0916 is a delivery contract that will expire on Sep 30. Suppose that on Sep 8, Sarah bought 2 BTC on Huobi at a price of 19,200 USDT and was worried that the price would soon drop; she then immediately opened a 2 BTC short position on the above-mentioned BTC/USDT Bi-weekly 0916 contract at the market price of 19184.40USDT. If the BTC spot price does fall to 18,185 USDT at the time of delivery on Sep 16, and the contract settlement price is 18184.40 USDT , Sarah’s profits from contract trading would be (19184.40USDT-18184.30 USDT)*2=2,000 USDT, which would make up for her loss of close to the same amount from spot trading over the same period. This example is an illustration of the important role futures contracts play in hedging. If the spot price was exactly the same as the contract price, this functionality would not exist. In fact, when the delivery date approaches, the price of a futures contract will tend to converge with its corresponding spot price. After the 0916 Bi-weekly contract is delivered, in fact, when the delivery date approaches, the price of a futures contract will tend to converge with its corresponding spot price. After the 0916 Bi-weekly contract is delivered, the system will generate a new bi-weekly contract in accordance with market needs. In 2016, a crypto exchange introduced a new futures contract termed Perpetual Swaps. Unlike a typical futures contract, perpetual swaps do not have expiration dates. So how does a perpetual contract ensure a reasonable spread with an asset’s spot price? In the case of a futures contract’s delivery, it would be unnecessary to maintain a price peg since the price of the contract and the underlying asset will automatically converge as the expiration date nears. However, the absence of expiration dates in perpetual swaps means exchanges have to implement a price anchoring mechanism, known as the “funding rate.” By either incentivizing or disincentivizing the longs or shorts, this mechanism balances the short and long positions of perpetual swaps. In addition to the funding rate mechanism to help anchor the spot price, the arbitrage actions by retail investors or institutional investors also keeps the price difference between the two at a reasonable level. 🔹To begin trading on Huobi Global, click here. Got questions? We have answers, join our telegram to discuss all things Huobi and crypto here . Why Do Spot And Futures Prices Differ? was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
How can users with different trading strategies benefit from Prime membership?
The newly launched Huobi Prime membership is regarded as the most inclusive membership in the crypto industry for bringing VIP benefits to all categories of users. The Prime membership is also believed to be the program that makes it easiest for different users to upgrade their membership levels. This article aims to advise on how different Huobi users, such as retail investors, Huobi Token (HT) holders and institutional investors, can tailor their strategies to maximize the VIP benefits. This takes into account that Huobi Prime’s recent entry in the market, which means many beginners or even some crypto veterans are not very familiar with it. — 🔹Prime levels chart. — First, let’s take a look at general level upgrading. There are three strategies to promote the Prime levels for all categories of users: they can either reach a certain volume of spot trades, increase their balance to a certain amount, or reach a certain volume in futures trading. There are 12 Prime levels (Prime 0 — Prime 11), and members at Prime 0 to Prime 9 can pick one of the three methods to promote their levels. For example, if Prime 0 members want to be promoted to Prime 1, they can either simply increase their balance to at least 2,000 USDT, or reach a 30-day accumulated trading volume of over 10,000 USDT from spot trading or reach a 30-day trading volume of over 100,000 USDT from futures trading. It should be noted that starting from Prime 1, members can enjoy discounts of at least 20% on transaction fees. The higher the level, the higher the discount. Members of Prime 6 and above can even enjoy exclusive privileges such as a dedicated account manager and access to industry reports. — 🔹Prime fee rates. — What can retail investors do? Let’s say Bob, a retail investor, has traded digital assets equivalent to 2.5 million USDT at Huobi Global in the past 30 days. This puts Bobat the level of Prime 3 where he will enjoy spot trading fees of 0.1% (50% lower than that of Prime 0). In this situation, Bob only needs to trade additional digital assets equivalent to 50,000 USDT to upgrade to Prime 4 (3 million USDT required for spot trading) and enjoy spot trading fees of 0.08% as a maker, and 0.09% as a taker. It is worth mentioning that with the same accumulated trading amount, Bob can only be a VIP 1 member at other top cryptocurrency exchanges with spot trading fees of 0.09% as a maker and 0.1% as a taker. — 🔹What can institutional and high-volume investors do?. — Let’s say Euphemia is a crypto veteran and now holds digital assets worth 80,000 USDT. This puts her at the level of Prime 5 where she can enjoy spot trading fees as low as 0.065%, and U-margined futures trading fees as low as 0.005%. To maximize Euphemia’s benefits in this case, she only needs to hold additional digital assets equivalent to 20,000 USDT to upgrade her level to Prime 6 (minimum 100,000 USDT) to enjoy exclusive privileges such as a dedicated account manager and access to asset reports. How much in trading fees can a top investor (Prime 11) save by trading on Huobi Global instead of other top exchanges? Let’s take spot trading by a Prime 11 member Eric as an example. Assuming Eric trades assets worth 1 million USDT (60% with maker orders; 40% with taker orders), the fees he would pay at Huobi Global are: 600,000 USDT*0.0126% + 400,000 USDT*0.0218% = 162.8 USDT. However, the fees charged by other top exchanges could be 600,000 USDT*0.015% + 400,000 USDT*0.03%= 210 USDT. Eric can save around 47 USDT or about 20% of his transaction costs by trading at Huobi Global. — 🔹Huobi Token — Secret weapon for Prime members. — As a privilege for Huobi users, HT can serve as a secret weapon for promoting Prime levels and reducing transaction costs. HT holders can be promoted to higher membership levels more quickly as a 1.5x multiplier will be applied to their HT assets. For example, Prime 0 members can be promoted to Prime 1 by adding another 300 HT (about 1,450 USDT) to their holdings. In addition, HT token holders will enjoy an additional 12% discount off the fee rate for their Prime level if they pay for their transaction fees using HT. Taking Eric’s case as an example, if he pays the transaction fees using HT, his cost at Huobi Global would be 600,000 USDT*0.0126%*88% + 400,000 USDT*0.0218%*88% = 143.4 USDT. Eric can save around 67 USDT or about 30% of his transaction costs by trading at Huobi Global compared with trading at other top exchanges. — 🔹For more information, please click here.. — How can users with different trading strategies benefit from Prime membership? was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
[Recap]Huobi AMA with H.E. Justin Sun!
[Recap]Huobi AMA with H.E. Justin Sun! - Huobi Global recently had an AMA event with H.E. Justin Sun, Founder of Tron , and Sydney, Director of ApeNET, to discuss TRX, NFTs, and all things crypto. In this article, we will highlight some of the main points of the AMA for our community members that weren’t able to attend the session.Trade TRX |USDC on Huobi Here. 1. TRX has recently been very active in the market to garner institutions’ support and list on exchanges and has been continuing to strengthen its global presence. Could you please give us a brief update on TRX and share some good news? Justin Sun: Of course. The first to mention is definitely the listing of TRX/USDC and NFT/USDC trading pairs on Huobi. The listing signifies an endorsement of the TRON ecosystem and further matches the demand of global users. I would like to thank Huobi for its ongoing support. TRX has achieved a lot since the second half of this year. Institution-wise, TRX was supported by Plisio, a UK payment service provider, as well as Wirex, a digital payment platform. Regarding exchange listings, TRX was listed on BTCBOX, a Japanese exchange. Moreover, OKCoinJapan now supports the TRX Staking service, making it the first Japanese crypto exchange that provides this service. In addition, the Thai trading platform Bitkub has launched a TRX airdrop that lasts about a month. TRX promotions are out there all the time. Please feel free to learn about them and participate. Of course, TRON has done and will do much more than that. We will explore more use cases and launch a wider variety of promotions in the future. Stay tuned! 2. TRX managed to rise amid the crypto market slump. What is the reason behind this? Justin Sun: As you mentioned, generally speaking, TRX performed well during the market downturn. I think it comes down to three reasons. First, the institutions and exchanges mentioned earlier expanded the use cases for TRX and optimized the TRX trading experience for users. This is crucial. Second, deflation empowered TRX. On the one hand, the active trading on the TRON blockchain facilitated the TRX burning. On the other hand, USDD is minted by burning TRX. Due to multiple factors, TRX maintained deflation. By far, the total deflation volume of TRX has reached more than 9.6 billion, with a value exceeding $603 million. Most of all, TRX wouldn’t have come so far without the support of hundreds of millions of users. Believing in TRON and the value of TRX, a large number of users didn’t choose to short TRX but instead decided to keep their TRX holdings. Their commitments made TRX a success today. My special thanks go to those users who have always believed in TRON and TRX. Thank you for your firm choice. 3. Speaking of users, the total number of TRON accounts has exceeded 100 million. How do you feel about such an achievement? What are your future roadmaps for the various ecosystems? Justin Sun: With the trust of over a hundred million users, TRON must strive forward and become ever more robust to live up to users’ expectations. Since its establishment in 2017, TRON has prioritized users’ interests and constantly made self-improvements in terms of technology, service, and ecosystem. By far, TRON has established an ecosystem featuring popular spheres such as DeFi, NFT, stablecoin, the metaverse, and cross-chain protocols. As TRON’s ecosystem continues to bloom, users can experience a closed-loop crypto ecosystem on TRON. The thriving ecosystem has brought TRON over 3.8 billion transactions. Furthermore, TRON’s total value locked (TVL) has recently hit $13.7 billion. While building its closed-loop ecosystem, TRON remains fully aware of its mission as a blockchain practitioner. You may have noticed two recent reports on TRON: “TRON DAO — A Deep Dive Into Decentralization” and “Energy Efficiency and Carbon Footprint of the TRON Blockchain”. The first one illustrates TRON’s efforts to promote the decentralization of the internet, while the second showcases the Crypto Carbon Ratings Institute’s (CCRI) recognition of TRON’s environmental sustainability and eco-friendliness. Dubbed by CCRI as “One of the Top Eco-friendly Blockchains”, TRON will continue to implement a sustainable development strategy and call for more platforms and projects to devote to the trend of decentralization and promote environmentally-friendly development. TRON will also aim at quality product output to bring the crypto industry a promising future. 4. USDC ranks second among stablecoins in terms of market cap. As the third largest distribution network for USDC, how does TRON see the current stablecoin market? What is TRON’s position? Justin Sun: Stablecoins are a preferred safe haven for most new users to the crypto world and important infrastructure in the Web3 era. In terms of statistics, the influence of the stablecoin is evident, as its current market cap exceeds $150 billion, accounting for more than 15% of that of the entire crypto market. I believe that as time goes on, its dominance will be further strengthened, and this proportion will continue to rise. The deployment of TRON in the field of stablecoin can be traced back as early as 2019 when TRON’s launch of TRC20-USDT attracted much public attention. Now, TRON has built a stablecoin fleet consisting of USDT, USDC, TUSD, USDD, and USDJ. Among them are the two largest stablecoins by market value, one compliant stablecoin collateralized by the U.S dollar, and one decentralized, over-collateralized stablecoin. Together, they have cemented TRON’s position as the second largest public chain by stablecoin market cap. Although centralized stablecoins still dominate the market, I believe that with the launch of USDD, a decentralized over-collateralized stablecoin, and a shift in the perception of the market, the value of decentralized stablecoins will become more prominent. Eventually, the centralized and decentralized stablecoins will go hand in hand in the market.Need a Huobi account? Register Here 5. Affected by the Federal Reserve’s move to lift interest rate and recent market crashes, the total crypto market cap has skidded below $1 trillion. Will the market continue to crash, or will it rally? What are your suggestions for individual investors to respond to the bear run? Justin Sun: I believe the market won’t take a nosedive for a long time, but it needs a while to bottom out. Despite the market picking up slightly some time ago, there is a long way ahead for its full recovery. I think the crypto market will go sideways for a while and see an upward spiral in the long run. Having cash on hand is always important in a bear market. I would recommend investors be prudent instead of laid-back. Investors shall be neither pessimistic nor blindly optimistic about picking the market bottom. Slow down and take your time to learn about the projects and platforms more comprehensively and prudently. Only when you accumulate enough knowledge and resources in the bear market can you succeed in the bull run. 🔹Thanks for reading this recap of this amazing event, make sure to follow us on Twitter, Telegram, and Discord for the latest on crypto and Huobi promos and giveaways! [Recap]Huobi AMA with H.E. Justin Sun! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Participate in the Huobi Trading Contest to share a 2 million USDT prize pool!
Participate in the Huobi Trading Contest to share the 2 million USDT prize pool! - Huobi Global has rolled out its Huobi Trading Contest offering a grand prize pool worth 2 million USDT. Aimed at celebrating the upcoming Ethereum merge while incentivizing crypto traders to take part in Huobi Global’s newly launched Prime membership program, the contest offers something for everyone!Register on Huobi here Inclusivity is the keyword of the day for Prime, which offers attractive tiered discounted transaction fees and various other benefits to different trader types. Read below to learn how to join the contest and win rewards! When: 12:00 on Sept 5, — 12:00 on Sept 15, 2022 (UTC) 🔹Participants: Qualifying participants will be classified into one of three streams: Beginner Trader, Talented Trader, and Master Trader, based on their Prime membership levels. Participants’ stream levels may vary through the contest period based on their past 30 days’ trading volumes. (Market makers are not eligible to join the contest.) Prime levels will be evaluated based on participants’ spot/derivatives trading volume or deposited asset amount in the past 30 days at Huobi Global. Refer to the chart below to see which Prime level you belong to. Participants’ Prime level will be updated at 03:00 (UTC) every day during the contest. 🔹About Huobi Trading Contest: 1) The contest will see traders compete against one another over a 10-day period from September 5–15 2022. During each of these 10 days, Huobi Global will track participants’ trading volumes and rank each day’s top traders on a public leaderboard. 2) Traders who are talented enough to make the leaderboard will share a grand prize pool of 2 million USDT, with top traders standing to win up to 50,000 USDT in individual prizes. 3) All participants who meet the trading volume requirements for the Beginner Trader category will be awarded a Good Luck prize and win part of a 10,000 USDT prize pool. 4) Participants who trade Ethereum or a secret token (disclosed closer to the contest date) will have their tabulated trading amount multiplied by an unknown variable, increasing their trading volumes recorded for the competition and their prize winning chances. 5) Rewards will be delivered to winners’ My B, which can be accessed from the event page, within 10 business days after the end of the event. 🔹To learn more about the trading contest, click here. 🔹To find out more about the Prime membership program, click here. 🔹To begin trading on Huobi Global, click here. Participate in the Huobi Trading Contest to share a 2 million USDT prize pool! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Two Ways to Arbitrage the Ethereum Merge!
Today, we discuss two simple ways that traders can adopt to take advantage of arbitrage opportunities for the upcoming Ethereum merge: carry trading and a simple stETH DeFi arbitrage trade. Carry trading, or cash and carry arbitrage, is a market-neutral strategy that exploits inefficiencies in the spot and the futures market. It combines a long position in the spot market with a short position in futures when the market is in contango — a condition where the future prices of an underlying asset are higher than the current spot price.Trade ETH on Huobi Futures The idea is that the trader “carries” the asset until the futures expire. As expiration nears, the premium disappears; on the day of the settlement, the futures price converges with the spot market price, generating relatively riskless returns for the trader. Carry traders make money no matter what, although the return depends on how steep the contango is. Bitcoin futures usually offer a substantially higher carry yield than their fiat currency counterparts, most of which yield less than 5%, according to a JPMorgan report published on April 7. Today, Bitcoin futures are priced at around US$23,335, while the price of Bitcoin hovers around US$20,000. In such a situation, traders are expected to at least pocket the difference between the two prices. But if the spot price rises above the futures price, the investor can profit further by selling the asset on the spot market and buying a futures contract — for example, a long position that cancels out the original short position. In the context of the upcoming Ethereum merge, the market is bullish as Ethereum futures for September are priced much higher than current prices, meaning the market is in contango. All traders need to do is buy Ethereum and short Ethereum futures, in the belief that the final price will end up somewhere in the middle. 🟢Arbitrage — Betting Big on Ethereum 2.0 with stETH And then there is DeFi arbitrage, of which there are many kinds. Let’s take a look at staked Ethereum, for example, which represents the value of Ethereum tokens that are staked in preparation for the upcoming merge. stETH trades at a discount to Ethereum because users’ Ethereum tokens are staked and locked up until the merge happens. How does staked Ethereum actually work? Its issuer, Lido Finance, provides a staking service that lets users deposit Ethereum, receive the stETH in return, and earn a yield. Essentially, stETH acts as an IOU until after the merge occurs. Lido then takes those deposits and adds them to Ethereum’s Beacon Chain, which uses proof-of-stake rather than the original proof-of-work version of Ethereum. And yet, stETH will be redeemable 1:1 for Ethereum after the merge occurs. A simple play would be to purchase stETH tokens, which trade at a discount to Ethereum, and redeem it 1:1 for Ethereum after the merge occurs. 🟢Interested in hearing about more trading ideas? — 👏 Make sure to give this article 50x claps and follow our Medium account here to stay updated on the next one!. — Two Ways to Arbitrage the Ethereum Merge! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Transaction Fees From 0.01%: Learn How To Join As A Prime Member Today!
Huobi Global works constantly to improve the user experience, and has recently released a brand new Prime membership system offering various benefit levels to its users. Under the new system, members stand to enjoy spot transaction fees from as low as 0.0111% — a rate much lower than that offered by many competing exchanges. For example, the transaction fee for the highest-level Prime members who make a trade worth 1 million USDT is just 111 USDT, which is nearly 50% lower than that offered by other top tier VIP rates given by other exchanges. This article aims to answer frequently asked questions regarding the new Prime membership system.More Details 1 . What is the Prime new membership system? The newly released Prime membership system, which consists of 12 member levels (Prime 0–11), is an upgrade to Huobi Global’s previous membership system. The new system has simpler classification rules for different member levels, more diverse ways for level upgrading, and a greater variety of member benefits to meet the needs of different investor types. 2. How is the new Prime membership system different? 🟢More Flexibility Prime membership offers the most flexible method for users to raise their Prime levels. Users can upgrade their Prime levels simply by trading a certain volume of spot or derivatives products at Huobi Global or maintaining a certain amount of total assets. Huobi Token (HT) holders have the opportunity to expedite their level-up progress as their HTs will be valued at 1.5x their USDT equivalent for the purpose of calculating their total asset value for Prime level qualification. Users who hold a key account with large digital asset holdings and have long-term trading experience stand to enjoy the “Prime Level +1” express upgrade channel, which offers lower transaction fees. Beginner traders can also tap on the Prime membership system to enjoy services and privileges that usually only apply to users holding higher Prime levels. 🟢 Favourable Rates The Prime membership system offers very favourable transaction fees compared to many top exchanges. Take spot transactions as an example, where the transaction fee for Prime 11 members (the highest level that requires a trading volume higher than or equal to 1,800,000,000 USDT in the past 30 days) is only 0.0126%. This rate can be further lower to 0.0111% for HT holders. In comparison, the transaction fee offered to by other VIP level 9 exchanges (the highest level that requires a trading volume higher than or equal to 5,000,000,000 USDT in the past 30 days) members is almost double, at 0.02%. 🟢Added benefits Prime membership benefits can be classified into five categories: spot | futures trading, HT holder benefits, financial services, and additional wealth opportunities. Prime members will be able to enjoy discounts in accordance with their levels when trading on Huobi Global, while Prime members who are also HT holders will enjoy an additional 12% discount off the fee rate offered for their Prime level. Furthermore, Prime members will enjoy added bonuses such as increased chances to win in Huobi Global’s CandyDrop and Primelist events — the higher their level is, the greater the number of winning chances. In addition to the corresponding fee rate discounts offered at each level, Prime membership also consists of many more benefits, such as more personalized experiences, access to exclusive Huobi Earn income-generating products, APY boosting chances, birthday gifts, anniversary gifts, community activities, and offline gatherings. High-level Prime members will be offered customized digital asset management services such as investment advisories and industry research reports. medium.com 3 How to become a Prime member? It is now easier than ever for users to become Prime members and upgrade their levels. Users can apply for a Prime level upgrade by simply trading a certain volume of spot or derivatives products at Huobi Global or maintaining a certain amount of total assets. For example, upgrading from Prime 0 to Prime 1 only requires 1 out of the 3 of the following criteria: 30-day trading volume spot trading on Huobi Global reaches 10,000 USDT, 30-day derivatives trading volume reaches 100,000 USDT, Have at least 2,000 USDT worth of assets on Huobi Global, Prime members who are existing HT holders will enjoy enhanced perks. Terms of the new program will see the value of HT assets calculated in USDT with the addition of a 1.5 x multiplier, so HT holders can more easily qualify for higher membership tiers. 4. Why should I become a Prime member? As a global financial service provider of digital assets, Huobi Global is committed to promoting the mass adoption of cryptocurrencies around the world. With more flexibility, more favorable rates and more benefits, the Prime membership system offers almost the lowest threshold compared with many top exchanges. Both retail and institutional customers will have the chance to enjoy the discounts and benefits, as Huobi Global aims to offer all users better digital asset services and more opportunities to help grow their wealth. 🟢HAVE QUESTIONS? We have answers, contact us on Twitter, or Linkedin to get questions answered by a Huobi representative or contact email@example.com. Transaction Fees From 0.01%: Learn How To Join As A Prime Member Today! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Crypto Arbitrage Opportunities: All About Cross-Asset And Exchange Arbitrage!
Arbitrage refers to the behavior of investors taking advantage of the imperfection of the market economic price system to obtain profits. Arbitrage can help financial markets operate efficiently, and inject more liquidity into the market. Various arbitrage mechanisms exist. In theory, almost all of them can achieve arbitrage; however, in actual arbitrage operations, there may be many risks involved, and profits can often be eroded due to the various fees involved in the arbitrage process. Arbitrage opportunities have been continuously repressed in the traditional financial market — due to the market’s maturity and agility of the trading system, there are usually very tight time windows for arbitrage to be successfully carried out.Register on Huobi , Welcome Bonus Here Arbitrage opportunities, however, are much more prevalent in the cryptocurrency industry versus the traditional financial market. As the former is still in the relatively early stages of development, less stringent regulatory measures coupled with silo-ed trading systems present abundant windows for arbitrage. This article introduces the two main forms of arbitrage: cross-asset arbitrage and exchange arbitrage. This article introduces the two main forms of arbitrage: cross-asset arbitrage and exchange arbitrage. 🔹Cross-Asset Arbitrage Cross-asset arbitrage, also known as triangular arbitrage, refers to the arbitrage behavior that occurs between two trading pairs formed against three assets on an exchange. 🔹Let us take asset F as an example. Assuming a cryptocurrency exchange offers two trading pairs involving asset F: F/BTC and F/ETH. At a particular point in time, the price of F/BTC could be US$11 while the price of F/ETH is US$10. A trader with US$100 worth of ETH will be able to arbitrage following the steps below: 1) Use US$100 worth of ETH to buy asset F in the F/ETH trading market at a price of US$10 = to obtain 10 F (valued at US$100); 2) Sell 10 F at the price of US$11 in the F/BTC trading market and obtain BTC valued at US$110; 3) Exchange BTC for ETH to obtain US$110 worth of ETH; 4) A profit of US$10 (US$110 — US$100) is obtained in such a scenario. 🔹Under ideal circumstances, successful cross-asset arbitrage can be realized without risk. However, various real-world factors exist to erode profits from cross-asset arbitrage. A few reasons are: ● Transaction fees. A high transaction amount would likely involve high transaction fees that could greatly reduce arbitrage profits. ● Limited asset types. Assets with multiple trading pairs that can be used for triangular arbitrage are generally limited to mainstream assets. ● Liquidity. Successful cross-asset arbitrage would require exchanges with high liquidity levels. An exchange with poor liquidity would not be able to fully fill arbitrage orders. 🔹Exchange Arbitrage Exchange arbitrage refers to the arbitrage behavior of purchasing cryptocurrencies at a lower price on one exchange and selling them at a higher price on another exchange to profit from the price difference. The price of an asset may vary slightly across different exchanges. When the market fluctuates violently, the rise or fall of an asset’s price often starts with a certain exchange. Arbitrageurs will then be attracted by the subsequent price differences between various exchanges. Finally, such price differences will be smoothed out by exchange arbitrage behaviors. Exchange arbitrage is limited by the fund transfer time on a certain blockchain and a cryptocurrency exchange’s processing time. When a price difference for the same asset occurs between exchanges, arbitrageurs need to buy at a low price within a short window of time and transfer it to an exchange where it is priced higher to make a profit. However, if the blockchain network is congested (for example, the Bitcoin and Ethereum networks are often congested) or an exchange takes too long to process transactions, timely arbitrage will fail, resulting in the loss of profits. To counter such potentially debilitating factors, most institutional quantitative investors store a large amount of various cryptocurrencies in various exchanges in order to facilitate quick capitalization of arbitrage opportunities. Such a strategy, however, could also result in losses arising from funds sitting idle, so investors are encouraged to seek the right balance between risk and opportunity. 👏 Clap this article and subscribe to our Huobi medium page to learn more about Futures-Spot arbitrage & DeFi arbitrage in the next chapter. See you next time Huobi community! Crypto Arbitrage Opportunities: All About Cross-Asset And Exchange Arbitrage! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
Three Simple Ways To Trade the Ethereum Merge!
The entire blockchain industry is talking about the upcoming Ethereum merge in September, and the potential arbitrage opportunities it could bring about. Our past posts have explained what the merge is all about and the opportunities and risks associated with a fork after the merge. This time around, we’re breaking down a few key trading strategies that users can use as the merge rapidly approaches. 🔹Long Ethereum If you think Ethereum is going up, the most direct way to trade the merge is to simply carry out a spot trade and buy ETH, selling it after the merge occurs. While the price of Ethereum has increased by 25% over the last month or so, experts say it’s hard to really know where it’ll land after the merge. What is clear, however, is that the merge will lay the groundwork for future upgrades that alleviate Ethereum’s congestion problems and accelerate transaction speeds, positioning it for further adoption and long-term price appreciation. Another option is to buy call options on Ethereum and exercise them when it goes up, enabling you to profit off of the price difference. ➡️ Register on Huobi Futures 🔹Short Straddle For those of you who think that the price of Ethereum will simply trade sideways over the next few months, you could employ a simple “short straddle” strategy using options contracts on the Huobi Global platform. This involves selling both a put and a call option for Ethereum, with the same strike price and expiration date, enabling you to make money off of the premiums if the price continues to go sideways. The downside, however, is if the price of Ethereum plunges or skyrockets, and those options are exercised. If Ethereum continues to go up in price, then you could be exposed to unlimited downside. 🔹Long Straddle This is a bet on volatility. You think Ethereum will either plunge or skyrocket in price, but aren’t sure which way just yet. By buying both call and put options, you purchase the optionality to capitalize on either price movement, and your risk is limited to what you pay for the option premiums. If Ethereum goes up, you exercise the call option; if it goes down, then you exercise the put option. In either scenario, your downside is limited to the option premium of the other side of the trade. 🔹Where To Buy Ethereum Options? Try Huobi Options. Huobi Options include European spread options, American options, and touch options, and will expand to include more product types and cryptocurrencies in the future. Not only do we offer options on Bitcoin and Ethereum, but we also offer them for Dogecoin! Try Huobi Options out on the Huobi Global app: 🔹 Download either the Android or iOS version. Thanks for reading and stay tuned to our Twitter for all things Huobi and crypto. See you next time! Disclaimer: This communication has been prepared solely for informational or educational purposes only and it is subject to change. This communication should not be relied upon as the basis for making any investment decision or be construed as a recommendation to engage in any transaction or be construed as a recommendation of any investment strategy. This communication is not a personal recommendation and does not take into account whether any transaction is suitable for a particular person. The information contained in this communication is based on sources considered to be reliable, but not guaranteed, to be accurate and complete. Huobi Global is not responsible for any information obtained or derived from third party sources or statistical services. Any opinions or estimates expressed herein reflect the position as taken as of this date (or date of publication), and are subject to change without notice. Three Simple Ways To Trade the Ethereum Merge! was originally published in Huobi Group on Medium, where people are continuing the conversation by highlighting and responding to this story.
More Huobi Token (#HT) News
|Bitcoin Calms at $24K as Ethereum Classic (ETC) Soars 10% Daily: Market ...
The past 24 hours saw the cryptocurrency market calm down a bit, with no major changes happening across the top 10 coins by means of total capitalization. However, some cryptocurrencies performed better than others, so let's dive in.
Bitcoin Calms at $24,000
After a serious run-up from $22,800 to almost $25,000 in the previous two days, Bitcoin's price has finally calmed down and trades at around the $24K mark.
It appears that the volatility surrounding the announcement of July's CPI numbers has passed, and now the market is in search of the next direction.
Source: Binance via TradingView
That said, BTC failed to overcome the $25K level before retracing to where it currently trades, but overall - in the past 24 hours - it's down some 2%.
Altcoins Flat, Red Prevails
Despite the relative calmness, it appears that the market is taking a breather from the recent rallies and is trading predominantly in the red.
Source: Quantify Crypto
As seen in the heatmap above, most of the cryptocurrencies are down slightly in the past day. The most obvious outlier is Ethereum Classic (ETC). It managed to increase by a whopping 10% in an otherwise boring market. It's worth noting that this increase came on the back of more news associated with the Ethereum 2.0 merge, meaning that investors might be hedging against the possibility of a failure.
Other major gainers include Huobi Token (up 20%) and ANKR (up 40%). The latest soared after Binance Labs revealed a strategic investment in Ankr Protocol...