Cryptocurrency Exchange

Huobi exchange Reports 100 Percent Increase in Trading Volumes in 2018


Major world crypto exchange Huobi has rumored a 100% growth in commerce volume in 2018 over the 2017, consistent with an announcement shared with Cointelegraph on Feb. 7.

The Singapore-headquartered company has reportedly dilated its workers from four hundred workers in early 2018 to quite one,300 individuals by 2019, with fifteen offices in twelve countries and regions, as Huobi chief operating officer Leon Li told Cointelegraph.

Huobi’s over-the-counter (OTC) commerce table has reportedly become one amongst the foremost listed over-the-counter platforms worldwide, whereas the recently launched service Huobi Cloud has managed to enter in additional than a hundred partnerships over six months.

Launched in Gregorian calendar month 2018, Huobi Cloud may be a platform that permits users to create their own digital plus services, principally for establishing over-the-counter and digital plus exchanges.

In Japan, Huobi has reportedly obtained one amongst the primary seventeen crypto licenses ever issued through their merger BitTrade that was re-launched in January this year. The crypto exchange additionally nonheritable a Distributed Ledger Technology (DLT) license from Calpe to supply compliant blockchain plus commerce in Europe.

In December, port news organization South China Morning Post (SCMP) rumored on Huobi confirming its plans to get off workers amidst the crypto market crisis in 2018. However, the corporate reportedly stressed that it’ll still aboard workers for its core business and rising markets.

In June, Huobi additionally proclaimed the launch of its new public blockchain, the Huboi Chain Project (HCP). consistent with Huobi cluster, the new platform are used for “value exchange, fundraising, securitization and additional.” With the discharge of HCP, Huobi additionally aims to change its own operations.

According to a statement shared with Cointelegraph, more than ten multinational companies have already become partners with Huobi Cloud. The new product is aimed at establishing over-the-counter (OTC) and digital asset exchanges. Partners will also be able to use the order integration and wallet systems, as well as the asset management and clearing system of the Huobi Global platform. Leon Li, Chairman of Huobi Group, commented on the launch:

“In this era of significant and strong adoption of blockchain technologies, Huobi is looking to share its expertise and experience with the entire blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.”

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