The chances are you have heard of one of the most prominent players on the market. The Huobi global exchange with trading volume of $1 140 189 009 – and a wealth of remarkable features.
Hongkong-based Huobi has recently confirmed they will be expanding their services into the Brazilian market. Let’s take a look at what consequences this may have for the crypto market and how it will affect you directly.
Who are they again?
Huobi is one of the largest cryptocurrency exchanges around. It bears a proud .pro status (this isn’t an award, it just means the address is at huobi.pro, but it still sounds cool), been around since the beginning of times (meaning 2013), and trades, according to the stats, more or less 127 000 BTC every 24 hours, which means it is the third largest trader around. How is that for the power of presence?
With very simple verification and registration procedures and optional delicious offerings like using marginal trading or a credit shoulder, it is indeed one of the most popular choices around. The fact that it is becoming so successful that the management has decided to throw a considerable part of their funds into extending into Brazil is undoubtedly an argument in crypto’s favor.
Background:
Huobi’s main strengths, as you will no doubt learn from their website now that we have intrigued you, are:
“Strategic insights based on research, trends, and 50+ unique indicators to properly evaluate investment potential and risk and in-depth, comprehensive information on 190+ cryptocurrencies.”
We’d also like to point out the importance of “advanced distributed system architecture built to protect against DDoS and other potential threats”, in light of recent hacker attacks.
Also, you will be glad to know this isn’t their first endeavor to explain the potential foreign lands hold:
“Huobi Global Professional Cryptocurrency Exchange has covered global clients and has opened trading offices and operation centers in Singapore, the United States, Japan, Korea, Hong Kong and many other countries”.
With all the experience Huobi has in asset acquisition and extension of their areas of influence there can be no doubt this enterprise will be as much of a success as the other ones, and we are very much looking forward to hearing more good news from them on their recent enterprise.
What happened?
Huobi’s relocation may have been a consequence of some internal struggle to do with governmental restrictions on currency trading in China, where Huobi originally comes from.
Well, all we care about is that it does the job, and does it very well. There are more than 190 currency pairs available with Bitcoin taking the lead. There are also many options available for users who may want to get heavily involved with graphs, use timelines, and learn massive…