Crypto exchange Huobi is among the largest players in the derivatives market.
Just a week after crypto exchange Binance started offering quarterly futures, rival exchange Huobi today introduced bi-quarterly futures. Touché!
A futures contract is a bet on whether the price of a cryptocurrency will rise or fall by a certain point, in Huobi’s case every six weeks. If the bet is correct, the person who made it wins. If not, they lose, and the money goes to the person they signed the contract with.
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https://decrypt.co/32360/huobi-launches-bi-quarterly-bitcoin