What is Huobi?
Huobi is a Chinese cryptocurrency exchange founded in 2013 by Leon Li.
Initially, the exchange operated primarily in the Chinese market. However, after the country’s government announced an order restricting cryptocurrency trading and regulating the functioning of exchanges, Huobi gradually began offering services around the world, with a focus on Asia.
Who is the founder of Huobi exchange?
Leon Li is the founder and CEO of Huobi Group. He graduated from Tsinghua University and became a Bitcoin proponent in 2011. Li started his career as a computer engineer at the world’s largest provider of databases called Oracle.
Before founding Huobi Group, Leon Li was director of community activities at Comsenz, worked for Tencent, CEO of Node Capital (a venture focused on the blockchain industry he is a capital firm) and founded Jinse (industry news and market intelligence). He was the founder of a blockchain service platform that integrates. and Data), co-CEO of BiKi.com (software he provider of digital currency trading). He eventually co-founded companies such as AToken and Chainup.
In 2018, crypto Chain University founder, Herbert Rafael Sim joined in Huobi Group team. Sim has many impressive achievements and contributed to the development of Huobi. Sim is the director of public relations and responsible for digital marketing.
What does the Huobi’s ecosystem include?
What is Huobi Pool: Operating a Mining Pool (coin mining pool).
What is Huobi Chat: A custom social networking feature for blockchain that provides in-depth conversation and communication for blockchain enthusiasts.
What is Huobi Wallet: Huobi’s central wallet is compatible with many cryptocurrencies.
What is Huobi Capital: An investment fund specializing in the blockchain industry.
What is Huobi Cloud: Providing global digital asset exchange solutions.
What is Huobi Eco-Chain: It enables Smart contract programming and supports high performance transactions.
What is Huobi DeFi Labs: Exploring fundamental financial theory and technology, focusing on DeFi project research.
What are pros and cons of Huobi Exchange?
Advantages
- Huobi has an insurance fund to minimize the risk of being attacked.
- Huobi Token (HT) is one of the most famous exchange coins, with high liquidity. Holding HT will give you a 50% discount on trading fees.
- The exchange supports many different currencies.
- Available in most countries and territories.
- Huobi offers users to join Prime, same features as IEO.
Disadvantages
- Restricted in use if KYC is not performed
- The transaction fee is 0.2% that is higher than other exchanges.
- There are many competitors like Binance, FTX, Crypto.com, Bybit,…
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The major milestones of Huobi Exchange
- Sep 2013: Huobi Exchange has officially launched. In just one year, Huobi has released many important services such as Derivative markets.
- Dec 2013: Trading volume of Huobi surpassed 4 billion USD, making Huobi the largest cryptocurrency exchange in China.
- Sep 2017: After the Chinese government officially announced a ban on ICO (First Coin Issue) services and cryptocurrency exchanges, Huobi expanded its business globally.
- Oct 2017: Huobi opened a new headquarters in Seoul, Korea.
- Nov 2017: New Huobi office opened in Singapore.
- Dec 2017: Launched an office in Tokyo, Japan
- Mar 2018: Huobi announced that it will be launching in the United States.
