A Coin Exchange Story — Huobi

Hi! How are you doing today? Today, we’re going to learn about the big global exchange, Huobi!

Then let’s go find out about Huobi, China’s big global exchange!

The Beginning of Huobi

From Huobi Global

Huobi is a digital asset exchange founded in 2013 by Chinese founder Li Lin.

Li Lin on Twitter

It started in China, but now it is supported by many countries such as Korea, the United States, and Singapore.

In 2017, after receiving investment from investors, it surpassed $8500 in cumulative transactions and now supports many services, including Huobi Global, Huobi Korea, and Huobi Wallet.

From Google Play

(Interestingly, Huobi’s headquarters are located in Singapore, but it is known as China’s leading exchange.)

Currently, Huobi Global is the most popular among many Huobi exchanges (Huobi Korea, Huobi China, etc.).

From Huobi Global

Huobi Global Exchange, with efforts and sincerity since 2016, said it has achieved cumulative sales of 4 trillion yuan in 2017, a year later.

4 trillion yuan? It’s 764.96 trillion won!

In 2017, if it was that much…It’s an unimaginable amount, right? 😮

GIF from Gfycat

Huobi’s Exchange

It is not an exaggeration to say that 18% of the transactions occurring on cryptocurrency exchanges are Huobi, which is the second largest exchange after Binance.

The currency issued by Huobi Global Exchange, which is traded on the basis of Ethereum Request for Comment (ERC) in Huobi Token (HT), has a total issuance of 500 million.

Fees are proportional to HT token reserves.

Advantages and Disadvantages of Huobi

Why do Huobi Global users use Huobi?

GIF from WiffleGif

I’ll tell you why.

​🌟First, we have various markets such as USDT, BTC, and ETH, so we have a lot of trading volume. Then you’ll have more choices, right?

🌟Secondly, unlike other exchanges, the new coin ranking is written.

🌟Third, you can inquire through real-time chat. As it is real-time, the work is done very quickly.

And finally,

🌟If you are an HT holder, you can claim to be listed on the project and the fee will be lower!

There’s a reason why everyone says Huobi 🧐

But…!

Not every exchange can only have advantages, right?

Since it is a Chinese exchange, it is subject to a lot of sanctions from the Chinese government, and of course, it is impossible to deposit and withdraw Korean won :(

So, you can only pay with a credit card, but considering the commission fee…

GIF from Giphy

But as it recently went public, Huobi’s efforts are constantly improving!

You know that you should always invest carefully and do what you can do, right?😉

We’ve talked about the global exchange, Huobi. How do you feel?

If you have any more questions or want to get coin-related information, please feel free to come and talk to our community below. :)

Twitter: https://twitter.com/el_coinmonster

Then, see you in the next story!

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