The Huobi Group plans to launch the first stock exchange of the company's cryptocurrency, which will be dedicated to EOS, in the first quarter of 2019, according to a press release sent to Cointelegraph on 29 December.
Reportedly, the exchange will be launched by Huobi Pool, the group's cryptocurrency mining arm. Cao Fei, CEO of Huobi Pool, described the launch of the EOS exchange as "the next logical step of our support" as EOS Block Producer (BP).
The version states that the exchange will allow customers to exchange the EOS altcoin with several other cryptocurrencies.
Huobi is currently the third-class cryptographic exchange based on the volume on CoinMarketCap, with about $ 774 million in 24-hour volume at the time of printing.
As reported by Cointelegraph, the exchange has also recently announced support for EOS on its derivatives market. The volume traded daily in the Huobi cryptocurrency derivatives market also recently lost $ 1 billion.
The company's derivatives market was launched only about a month before, at the end of November. The advantage that the company emphasized during the presentation of the market at the Cryptofrontiers conference is that it allows customers to take both short and long positions.
EOS has been repeatedly criticized for alleged centralization. Recently, Starteos, one of the EOS BPs, appeared to publicly offer its financial reward holders in exchange for their votes. There have also been investigations into the EOS ecosystem after Huobi has been accused of handling a corruption scheme.