Tag: Huobi

The third largest cryptocurrency exchange in the world by 24-hour trading volume Huobi has acquired a majority stake in the Japanese-licensed crypto trading platform, BitTrade, as first reported by Tech In Asia on September 12, 2018. Huobi Invests in BitTrade Per sources close to the matter, Huobi Japan Holding Ltd, a wholly owned subsidiary of Huobi, has bought a controlling…

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Li Huo, the Managing Director of Huobi Capital, recently gave a keynote speech concerning the development of Blockchain Technology at the Dezentral Summit in Berlin Germany on September 6, 2018. According to the press release, over 1,000 blockchain enthusiasts, investors, and experts from over 30 countries attended the summit to discuss the current and potential future of the blockchain ecosystem….

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Binance, Huobi, OKEx and Dunamu (the company behind Korean crypto exchange Upbit) have announced plans to partner on a  $32 million stablecoin project called ‘Terra.’ According to an August 28, 2018 report in Fortune, the purpose of Terra is to get skeptical consumers into the crypto space by offering them a digital asset that does not suffer from the legendary…

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In a bid to make adoption and integration of blockchain technology a frictionless process for startups as well as corporations in the distributed ledger technology ecosystem, Huobi Global, the third largest cryptocurrency exchange by 24 hour trading volume, has announced  on July 20, 2018, preparations for the creation of the Huobi Blockchain Plus Industry Alliance and its Cloud service for…

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Huobi Group, one of the world’s leading blockchain asset financial service providers, announced on June 28, 2018, that it is opening an office in London. This announcement came soon after the group revealed additional details on two of their upcoming service offerings – Huobi OTC and Huobi Quant Trading on July 2, 2018, Financial IT reports. Furthermore, they announced two…

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Huobi Global Ecosystem Fund has invested in Global Risk Exchange (GRE), a blockchain-based, decentralized and open global risk exchange market, China Money Network reports. As stated, the investment would be used to secure the progress of the international distribution and ecological construction of GRE. Global Risk Exchange Global Risk Exchange operates under the motto “Risk sharing by everyone, with everyone,…

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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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