Huobi, has seen an influx of traditional and institutional traders join their platform and take advantage of the Huobi Futures market place. As of May 6, Futures and Swap Trading Volume at Huobi topped $5.2 billion, with 24 hour perpetual swap trading volume hitting $2.2 billion — this is off a product that was only launched in April.
What is most interesting to see is that the Institution trading percentage on Huobi futures is estimated to as high as 30 to 40 percent.
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This year has been a defining one for a number of reasons. The world has faced a global pandemic, and the traditional markets and economies around the planet have had to try and deal with this unprecedented event. It has also been a year that looks set for greater interest in cryptocurrency investment.
Internally, the cryptocurrency space has been on the rise in the mainstream as regulations, governments, and traditional institutions have come to normalize and legitimize much of the space. But now, externally, there is financial uncertainty in the traditional space and many retail and institutional investors are casting their eyes to new avenues.
People have seen Paul Tudor Jones praise Bitcoin for its potential as a speculative asset, stating he invests a small percentage of his portfolio in the coin, but expects it to be the best performer. People have also seen Grayscale Bitcoin Trust buying up a major portion of coins newly mined after the Bitcoin halving.
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