Tag: Huobi

Binance CEO, Founder, and Crypto Billionaire Changpeng Zhao reassured followers on June 9, 2018, that he’s not worried about the recent crypto price slides. Through a series of posted images, the industry giant demonstrated his belief that the crypto markets undergo the same pattern almost every year, followed by coinciding meteoric rises. The End of the Markets, or Just a…

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The competition between cryptocurrency exchanges is intensifying. Industry players are introducing new features, faster liquidity, and even entering new demographics. The latest to make an aggressive push is Huobi, the world’s third-largest cryptocurrency exchange as per traded volume. HBUS Not a Direct Huobi Subsidiary As per an official blog, Huobi entered U.S. shores in June 2018, after a “strategic partnership”…

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China’s largest cryptocurrency exchange Huobi has become the latest crypto trading platform to announce plans to become decentralized. What This Means for Huobi Following a similar announcement from Binance, Huobi announced on June 6, 2018, that it will invest $100 million into building Huobi Chain, a blockchain network that will host the new decentralized exchange. (Source: Huobi Chain) According to…

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Among whispers of state-backed cryptocurrency exchanges making the rounds, blockchain Exchange Traded Funds (ETFs) offered by traditional finance behemoths are showing great promise. While the concept could have been unimaginable a few years ago, 2018 offers four ETFs dedicated to blockchain technology. Blockchain ETFs on the Rise While the emerging financial instrument has received largely mixed results from investors, there…

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Cryptocurrency exchange Binance has announced the launch of a $1 billion fund to support blockchain investments. Huobi also announced a similar fund to the tune of $93 million to fund blockchain initiatives in China and South Korea. During the announcement by Binance Lab head Ella Zhang in a press conference on May 31, 2018, Binance revealed it would work with…

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Ho Chi Minh, Vietnam (May 25, 2018) – Huobi.Pro, the leading global digital asset exchange, which saw a cumulative annual turnover of $850 billion last year in 2017, announced its grand strategy to tackle the Vietnamese market during their keynote speech at Blockchain Festival Vietnam.   Frank Fan, strategic investment director of Huobi said, “Huobi.Pro intends to make Vietnam one…

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Huobi Group officially launches the ‘Huobi 10 Index’, and announced that HB10 will be launched based on the ‘Huobi 10 Index’ next month. Huobi 10 Index selects 10 large scale digital assets with high market capitalization and strong liquidity. The purpose of the index is to accurately reflect the market performance of U.S. Dollar Tether (USDT) pairs on Huobi Pro….

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On May 14, 2018, OKEx CEO Chris Lee shockingly resigned from his post, citing personal reasons and a “desire to start a new life.” Now, the FinTech and digital payments expert joins Huobi, a primary rival of his former firm barely one week after dumping OKEx. Huobi Bolstered with New Talent In an announcement on May 21, the Singapore-based cryptocurrency…

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On May 5, 2018, Singapore-headquartered crypto-exchange Huobi released its “Cryptocurrency Investor Sentiment Index Report April,” which collated data from thousands of users on their sentiments about the digital assets market. The results were certainly positive, and represented an increase of 17 percent in investor’s “bullish sentiment.” For the report, which took place from April 25, 2018, to April 30, 2018,…

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2018 has been the year of cryptocurrency regulation, and departure of various blockchain-based digital currency powered businesses from unfavorable regions to more vibrant areas. Now, Huobi exchange has announced its moving to Canada for greener pastures. Huobi’s Expansion Plans The Singapore-based bitcoin exchange, and the world’s number three by 24-hour volume, Huobi is expanding its operations to crypto-friendly Canada, with…

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