Crypto exchange Huobi

Huobi

As of August 2021, trading platform Huobi was one of the largest cryptocurrency marketplaces. Since its inception, the platform has grown from 4 to 1,300 employees and its daily trading volume came in at number 3 in the CoinMarketCap ranking. Affiliates and subsidiaries are located in 12 countries.

History

The cryptocurrency exchange Huobi originated in 2013. Until 2017, it only operated in the PRC’s domestic market. After the tightening of the policy on digital assets, the developers decide to make the platform international. The service’s structure, tools and interface have not changed. Initially, there were only four people in the Huobi founding team. The author of the idea and CEO is Leon Lee. The main task of the creator of the platform is to expand it and improve the infrastructure for efficient operation in the financial market. 

Services

The creators of the site have taken care of the convenience of its use. Among the investment opportunities we note:

  • swaps;
  • options;
  • spot transactions;
  • futures contracts;
  • over-the-counter (OTC) contracts and others.

The mining pool deserves special attention. Those wishing to do so can provide the power of their computer (laptop, gadget) to mine digital assets. There is a stacking option on the exchange. This is an analogue of mining, which allows you to get the cryptocurrency without resorting to complex computational processes.

Overview of Huobi Crypto Exchange

Features

In 2013, when Huobi Exchange was founded, the ambitious plans of the management seemed unrealistic. Today, they have all been realised and the trading floor has become one of the world’s leading exchanges. The developers are not just providing a public blockchain, they are trying to work for the good of society, as evidenced by numerous charitable actions. In 2019, for example, Huobi management sponsored several dog shelters in San Francisco, USA.

A separate segment is the development of blockchain projects (Huobi Labs). Experts from a special department study new cryptocurrencies and then decide whether they should be listed on the exchange. Close attention is paid to the security and timeliness of transactions. Over 98% of assets are placed on cold wallets, which reduces the risk of users’ funds being stolen. Programmers are constantly improving the service’s protection against possible DDoS attacks. Thus, the cryptocurrency exchange Huobi for 9 years has passed a difficult way from a local service to an international trading platform with rich functionality. At the moment, its aggregate annual trading turnover amounts to trillions of dollars. The platform does not stand still, it is technically developing and provides clients with the most convenient and reliable functionality. The popularity of the service is constantly growing, which is evidence of the correct development vector chosen by the developers.