Huobi Launches EOS-Based Decentralized Cryptocurrency Exchange in Beta

Huobi, a Singapore-based cryptocurrency sell that’s mostly among the tip exchanges by trade volume, has recently launched a beta chronicle of the EOS-based decentralized cryptocurrency exchange, Huobi EOS.

The decentralized sell (DEX) is starting off with 3 trade pairs: EOS/BTC, EOS/ETH, and EOS/USDT, and will supplement more in the destiny after receiving feedback from the users and ensuring the new pairs go through a “review and screening” process.

As CryptoGlobe lonesome Huobi Pool, the company’s cryptocurrency mining subsidiary, announced it was going to launch an sell that used EOS as a bottom currency in Dec of last year. At the time, Huobi Pool’s CEO Cao Fei 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.

The company’s idea is to reportedly promote peer-to-peer value exchanges while ancillary “high-volume blockchain-based trading.” Huobi, which recently saw the US vital partner HBUS rebrand, has sensitive the users Huobi EOS is still in the beta stage, and that they’ll need to sanction it and activate their accounts before being means to repel from the platform.

The organisation chose EOS as “sophisticated traders are increasingly looking for a broader operation of tools,” the Finance Magnates reports, quoting Huobi’s CEO Livio Weng vocalization at the Cryptofrontiers discussion in New York.

EOS is particularly a rather argumentative cryptocurrency. It was launched by after a year-long ICO that lifted $4 billion, and in the commencement faced several governance problems over the energy the 21 retard producers (BPs) had on the blockchain.

Recently, a news suggested that over 400,000 EOS tokens have been stolen by hackers, and that over 200,000 accounts on the cryptocurrency’s blockchain are dormant. At press time, according to CryptoCompare data, EOS is up 0.4% in the last 24-hour period, as it’s trade at $2.46.

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