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What is HUOBI
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Huobi’s history starts with Leon Li, a former Oracle engineer who, in 2013, purchased the Huobi domain before taking up BTC live trading later in that year. Prompt to capitalize on the momentum gained around the emerging Bitcoin market in China, Huobi harnessed investments from leading investors, including the Sequoia Capital group.
Huobi is one of the largest cryptocurrency exchange in Singapore with its platform based initially in Beijing but currently headquartered in Singapore. The exchange supports both ICO tokens and cryptocurrencies and emphasizes the future development of the Blockchain economy. It also has crypto trading bot feature, known as “Huobi Trading Bot”, which allows users to have flexibility of crypto bot trading.
After its relocation in Singapore in 2020 following a ban imposed by the Chinese government on ICOs and fiat to crypto trading, Huobi established its offices in other parts of the world like Hong Kong, the USA, and South Korea, and started to explore the crypto markets in Japan. However, the crypto ban in China and Huobi’s expulsion from the nation could not prevent the crypto exchange from its operations, and it presently has over 3 million active account holders.
The Huobi exchange hosts the following features for its registered clients:
Flash Trade:
This is one of the most exciting features on Huobi that incorporates an order book, a chart index, and a market chart. The Flash Trade enables users to try real-time trading volume, especially at times of high volatility.
User Protection Fund:
Much like the leading regulated exchange like Binance’s that offers an insurance policy called SAFU, Huobi channels its profits into its ‘User Protection Fund,’ which is more like an insurance policy to cover against thefts, hacks, or other unforeseen events that may affect the users’ wallets. This is a massive plus for its customers because getting an insurance cover like this means an assurance of getting their funds back if anything goes out of control while trading on the exchange.
Derivatives and Margin Trading:
The founders of the Huobi realized that it is not enough to provide a trading platform for cryptocurrency only; clients seek something more from the exchange to survive in the cryptocurrency market. Thus, it launched its own derivatives products for both Swap trading and Futures markets.
Soon after launching its derivative products, Huobi focussed on margin trading, and now it is one of the market leaders offering support for C2C and Margin lending.