Home / Cryptocurrency / Huobi will launch EOS Exchange and add EOS to Huobi DM

Huobi will launch EOS Exchange and add EOS to Huobi DM


Huobi Pool will launch an EOS exchange dedicated to the beginning of 2019 allowing users to exchange EOS with a "number" of cryptocurrencies not yet revealed.

The Huobi Group's cryptocurrency mining arm, Huobi Pool, is already an EOS supernode and works closely with EOS. Other collaborative projects include Crypto Kylin Testnet, an EOS test chain for the development of EOS projects.

Huobi Pool has also developed a voting platform for EOS owners and runs an EOS community to increase awareness of node elections. The recent press release outlines the ethos of the EOS blockchain for consent:

"Through the Distributed Proof of Stake (DPoS) consensus method, EOS enables individuals and groups around the world to collaborate and share decision-making."

Through proof of stakes (PoS), a potential turning point for blockchains, validated EOS holders will govern the development and future of blockchain in order to achieve decentralization.

EOS Exchange "Simply the Next Logical Step"

Cao Fei, CEO of Huobi Pool, added:

"The launch of this EOS exchange is simply the next logical step in our support."

The exchange of cryptocurrency of the Huobi Group is currently 3rd in the CoinMarketCap rankings based on adjusted trade volume and on release, the company is now achieving cumulative sales of over $ 1 trillion.

In recent days, Huobi's derivative trading platform, Huobi DM, has also added EOS to its contracted trading services.

The CEO of Huobi Global, Livio Weng, explained that this is in response to the strong demand from customers to add more coins to Huobi DM, and that:

"We have seen a great response to our Bitcoin and Ethereum contract services from a wide range of sophisticated traders."

The Huobi Group's cryptocurrency mining arm, Huobi Pool, is already an EOS supernode and works closely with EOS. Other collaborative projects include Crypto Kylin Testnet, an EOS test chain for the development of EOS projects.

Huobi DM also plans to add additional cryptocurrencies to its platform in 2019, in its press release Weng added:

"Since launching in 2017, the EOS price has fluctuated between $ 18 and less than $ 0.80 … Huobi DM can be a powerful tool in risk management in EOS and other cryptocurrencies."

The two additions for Huobi come in the midst of a series of developments by the company, but also the news that the Huobi Group, which employs more than 1000 employees, will make redundancies in the new year. Although Huobi says he will continue to recruit for his "core business and emerging markets".

Although the prices of the previous 24 hours have fallen once again for many coins, EOS is showing a slight increase in the price of 0.83% in the last 24 hours. Generally, EOS is showing a similar trend line to bitcoin (BTC) this week.

EOS has seen a number of rallies this month, potentially fueled by the growing popularity of its blockchain. China rated it better than all other chains last week and a 21% increase for the currency on December 17, 2018, came after a lively EOS hackathon activity.

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