According to a press release published on Dec 29, 2018, Huobi Group’s cryptocurrency mining arm, Huobi Pool is set to launch the company’s first crypto trade sell in Q1 2019. Notably, the sell will use EOS as the bottom currency, leveraging the distributed proof-of-stake (DPoS) accord method.
World’s First EOS-Powered Cryptocurrency Exchange
The sell is scheduled to launch in Q1 2019 and will concede users to trade EOS opposite several cryptocurrencies. Per the press release, Huobi Pool and the EOS group have been operative closely via the year. Huobi Pool partnered with other retard producers to rise an EOS-based sequence named the Crypto Kylin Testnet which serves as the contrast platform.
In addition, the association also grown a voting system for the holders of EOS and set up a village to widespread information per node elections among holders.
Cao Fei, CEO of Huobi Pool, common his thoughts per the launch of the company’s first EOS dedicated cryptocurrency exchange. He stated:
“As an EOS super node, Huobi Pool has placed the ecological growth high on the list of priorities. Launching this EOS sell is simply the subsequent judicious step in our support.”
According to information from CoinMarketCap, Huobi now ranks third by trade volume among all the cryptocurrency exchanges. Founded in Sep 2013, the sell is comparison than some of the other crypto trade behemoths like Binance and OKEx.
Interestingly, the proclamation of the EOS-powered cryptocurrency sell comes just a day after Huobi’s tweet about the go-live of EOS contracts on the Huobi Derivative Market. As highlighted in the press release, cryptocurrency agreement trade gives Huobi DM users the choice to buy or sell bitcoin (BTC) and other altcoins at fixed prices on specific dates in the future.
Huobi DM aims to yield safe, efficient, and veteran digital item derivative services to the customers. The newly launched height also helps the users sidestep risks compared with flighty cryptocurrencies.
While the enlarged bear marketplace has dominated the infancy of the year, businesses and institutions with the crypto ecosystem continue to build.
BTCManager reported on Nov 4, 2018, how Huobi MENA, the bend of Huobi”s multiplication obliged for the Middle East, North Africa, and South Asian markets partnered with AI Trader to deliver an AI-powered hybrid trade platform.
On Aug 30, 2018, the sell also joined army with Binance and OKEx to account a $32 million stablecoin plan called “Terra.”