Huobi is a cryptocurrency exchange making moves that mimic (and often precede) Binance as it aims to become the top cryptocurrency exchange. This includes issuing the HT cryptocurrency, decentralizing its exchange ledger, and expanding to new global markets. Its success hinges on several key ingredients.
Although created in China, Huobi moved its headquarters to Singapore after China banned ICOs and crypto exchanges. It continues working with the Chinese government to advocate for blockchain and cryptocurrency.
Huobi forges strategic partnerships in each country it expands into and is currently moving into Japan, South Korea, Europe, Russia, and the Americas.
Huobi Token provides discounts of up to 50 percent on transaction fees in exchange for a membership fee. HT will periodically be bought back by Huobi and burned.
With these pieces in place, Huobi continues its success as one of the top cryptocurrency exchanges by trading volume. It’s prepared for anything hackers or the government can throw at it, and over one million users can’t all be wrong.
Huobi is a great place to exchange crypto, but as with all hot wallets and exchanges, store your assets at your own risk.