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Huobi Pool, the cryptocurrency arm of the Huobi Group, will launch a cryptocurrency exchange dedicated to EOS in the first quarter of 2019, he said last week. The new exchange will allow users to exchange EOS with "a number of other cryptocurrencies".
Cao Fei, CEO of Huobi Pool, said the launch of an EOS exchange "is simply the next logical step of our support" as an EOS super-node.
Huobi Pool said he had worked closely with the EOS community since the launch of business at the start of this year. Among other initiatives, he has worked with other block makers to build an EOS test chain, the Crypto Kylin Testnet, in which EOS-based projects can be tested. Huobi Pool has also developed a voting platform for EOS holders and created an EOS community to make the owners more aware of the election on the nodes.
EOS is the native cryptocurrency of the EOSIO blockhain protocol. EOSIO operates as an intelligent contracting platform and a decentralized operating system intended for the development of decentralized industrial scale applications through a decentralized autonomous company model. The intelligent contract platform claims to eliminate transaction fees and even conduct millions of transactions per second.
Block.one, a company registered in the Cayman Islands, is the developer of EOSIO. In June 2018, the company raised US $ 4 billion in the largest initial coin offering (ICO) in the world to finance the development of the platform.
Huobi, based in Singapore, operates the third largest cryptocurrency trade, managing about half a million dollars in trading each day, according to Coinmarketcap data. He recently added EOS contracts on his derivative platform Huobi Derivative Market.
The announcement of the cryptocurrency exchange dedicated to EOS comes at a time when Huobi is actively expanding its ecosystem. Last week, he announced the release of the whitepaper for Huobi Chain, a public blockchain project focused on security, transparency and fast and high-frequency transactions, the company said.
Huobi is also expanding into other geographic markets, including Russia, Indonesia, Taiwan, the Philippines and Canada.
At the beginning of the month, the company was granted a Full Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC).
Lester Haoda Li, head of Huobi's global corporate business based in the London office of the company, said:
"Our Gibraltar DLT license will allow us to open a fully regulated exchange for our global corporate clients and retail customers, so this is a great win for Huobi and a very positive step forward for our global strategy.
"Among other benefits, our DLT license will allow us to open the door to other institutional investors who were previously unable or unwilling to get involved in an unregulated sphere."
