Why can’t the profits from Huobi perpetual contracts be withdrawn?
Why can\’t the profits from Huobi perpetual contracts be withdrawn? On August 30t
Why can’t the profits from Huobi perpetual contracts be withdrawn? On August 30th, Huobi contracts released a guide for experiencing perpetual contracts. The article introduces some small defects in Huobi contracts during user transactions: first, because the leverage ratio of perpetual contracts is too high, users cannot open positions through high leverage; second, users’ habits and strategies are not suitable, hence the inability to extract profits; third, the system itself is easily influenced by external market sentiment, resulting in the inability to adjust investment portfolios in a timely manner; fourth, users have set up a liquidation mechanism (risk control) to protect their own fund safety. In extreme market conditions, the system will prompt investors to withdraw margins back to their accounts in advance, causing losses.
So why does this situation occur for users? Firstly, it is because many problems have arisen after the launch of Huobi perpetual contracts. One, the leverage ratio of perpetual contracts is very low, and users cannot calculate their real-time price fluctuations in the market. The second point is that there are certain liquidation phenomena and significant volatility in perpetual contracts. The third reason is that there are more futures contract products in mainstream exchanges in the market, resulting in noticeable price differences. In addition, according to statistics provided by the official website, Huobi’s contract platform has generated over 100 million yuan in revenue from BTC quarterly delivery and options contract fees for six consecutive days. This amount accounts for more than 60% of the total assets under management in perpetual contracts.
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