Huobi Futures, a leading global digital asset derivatives trading platform under the Huobi Group, announced today that it will officially support grid trading features on the Huobi Global exchange’s website and mobile app.
Grid trading features capitalize on price volatility by placing buy and sell orders at certain regular intervals above and below the price of a particular asset.
Read More: Paymints.io Launches MuniPay to Simplify Property Tax Payments for Real Estate Title Agencies
When a grid strategy is running, if one of the grid open orders is filled, the system will automatically place another order in the opposite direction. By automatically executing “buy low” and “sell high” functions, it guarantees the selling price to be higher than the buying price each time. This helps investors profit from sideways trends.
“Grid trading is a step up from ‘shuttle trading’ – creating a batch of positions that cover wider spaces for arbitrage. More importantly, Huobi’s robust risk control system can ensure seamless operations for advanced traders,” said Jeff Mei, Director of Global Strategy.
Read More: Octane Completes $340 Million Asset-Backed Securitization to Drive Continued Growth
The addition of grid trading features comes after Huobi Futures launched features this year such as real-time settlement, follow a Maker and Taker, locked margin mechanism, bilateral take-profit and stop loss, and trailing stop. Going forward, Huobi Futures plans to add more features to cater to the increasing needs of its advanced traders and investors.
Read More: MVIS Launches the BlueStar US Listed E-Brokers and Digital Capital Markets Index
[To share your insights with us, please write to sghosh@martechseries.com]
