According to a press release, Singapore-based cryptocurrency exchange Huobi has introduced the Huobi Derivative Market (Huobi DM). At the Cryptofrontiers conference in New York City Huobi presented a new platform highlighting that the Huobi DM allows customers to engage in cryptocurrency contract trading as on rising, as on falling cryptocurrency prices. It is presumed, that platform provides tools for hedging and controlling risk and uncertainty. Contract trading will permit users to purchase and sell digital currencies at predetermined prices at assigned times, it will allow investors and traders to open either long and short positions. At the moment Huobi DM is in beta testing and is not available for customers.