Huobi Exchange Announces Doubling …

Huobi Exchange Announces Doubled Trading Volume In 2018

Singapore-based cryptocurrency exchange Huobi doubled activity on its platform in 2018, Cointelegraph writes.

Huobi CEO Leon Li said that his company had about 400 employees at the beginning of 2018, and by 2019 there were more than 1,300 employees. Recently, however, information appeared on the network that the “crypto-winter” did not pass by a large stock exchange, which, like several other companies in the sector, plans to reduce staff. Huobi has 15 offices in 12 countries and regions of the world.

Huobi launched Huobi Derivatives Market (Huobi DM), a digital derivatives trading platform last December, with trading volumes of $ 12 billion in the first month and exceeding $ 20 billion a few days later..

In addition, the company is taking steps to expand its business in key markets – the United States, Japan and South Korea. Huobi’s strategic partner in the United States, HBUS, has become a monetary services operator licensed and has recently launched a fiat-to-crypto exchange service. In Japan, the company acquired a local licensed exchange and launched its own trading platform based on it..

Huobi Exchange Announces Doubling ...

It is worth noting that in one of the studies Huobi was named among the exchanges most actively at fabricating trading volumes..

Recently it became known that another major cryptocurrency exchange – Binance – could earn $ 446 million in 2018.

Huobi Exchange Announces Doubling ...

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