![]() Second, the number of institutional users who get involved in cryptocurrency trading will increase.First, regulation will have an increasingly larger role “as more regulators start embracing innovations from this industry”.Industry trendsĪccording to Zhang, there are three trends to talk about: Zhang declined to comment on the company’s financial results, how many users they have and what investments they're planning. In the meantime, the Head or Marketing states that decentralized exchanges have issues with performance and liquidity, but Huobi is keeping an eye on them, interested to see how they develop further. “Given this, I think smaller exchanges will have less room to play in this business.” Zhang finds that, among more than 1,000 existing exchanges, the times will get tougher for the smaller ones as “more and more users choosing top exchanges”: Its accumulative turnover has exceeded USD 1.2 trillion. There are 196 currencies listed on this exchange. Huobi is currently ranked as the 9th largest crypto exchange by trading volume, which stood at more than USD 1 billion in the past 24 hours, according to, a market data provider. “We’ve been finding that a hybrid approach – one that incorporates both methods – seems to work best,” Zhang said, adding that they’ll keep “experimenting and innovating with Huobi Prime over the rest of the year and beyond.” On the other side of the coin, so to speak, through things like partially filling all qualified orders, the coin supply is spread out over too many users, and each order gets only a small fraction of the wanted coins. He explains that a first-come, first-served approach with a large user group and a limited supply of tokens, produces a small number of users who get what they want. However, one of the most important lessons learned was finding the optimal method for coin distribution. “The user response to Huobi Prime has been extremely strong all three launches quickly sold out,” Zhang said. Moreover, the exchange launched Huobi Prime, their token launchpad, in March 2019. “As for what else we have planned in 2019 – we’ll be keeping that under our hats for the moment.” Huobi further announced tiered discounts on trading fees based on users’ HT holdings and overall trading volume – the larger the user’s holdings are and the more they trade, the more they can save. Special focus will be placed on markets like South Korea. ![]() According to Zhang, there will be more comprehensive services offered to countries where there is large demand for cryptocurrencies and where those services are permitted by local regulators. Ross Zhang, Head of Marketing at the Huobi Group, told that 2019 will be another important year for Huobi’s global expansion, via their resources such as Huobi Global, Huobi Cloud (Huobi Global’s one-stop solution for building your own exchange), and local exchanges. The future will bring new developments for HT, which is up more than 180% this year, while there are also plans for further development and promotion of their over-the-counter (OTC), crypto-to-crypto, and crypto asset contract trading services on a global level. Huobi FastTrack will have a weekly voting for users to participate in choosing a coin to be listed on Huobi Global by using the exchange’s native token, Huobi Token (HT), and the platform will also include tokens that are discounted 50% or more to select users. The first five coins are included: Origo (OGO), Atlas Protocol (ATP), Fusion (FSN), Fusion (FSN), and Skrumble Network (SKM). It was announced yesterday that Huobi FastTrack, a new initiative for launching coins on the Huobi Global platform, is coming on June 13th. Singapore based major cryptocurrency exchange Huobi Group is about to introduce new features to its clients as it works on its global expansion and forecasts that the times will get tougher for the smaller crypto exchanges.
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