Founded in 2013 in China, Huobi is the world’s leading digital asset trading platform and currently offers trading and investment in more than 100 digital asset pairs. The company now has offices in Hong Kong, Korea, Japan and the United States. In August 2018 it became a publically listed Hong Kong company.
Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals and shut down its Chinese website, but continued operating overseas as “Huobi Pro”, a Seychelles-registered company. Huobi China continues to operate as a blockchain consulting and research platform.
As of March 2018, Huobi processed around US $1 billion in trades daily.
With Bakkt recording a whooping 15,955 Bitcoin (BTC) futures amounting to about $200 million by volume, the performance is still below other market heavyweights.
By joining the Global DeFi Alliance, the new members are expected to support the core visions of the body which involve assisting in the development and adoption of DeFi at a global scale.
According to a report, the monthly CME future contract volume surged by 36.3% to record 203,867 contracts traded from July 2020. Binance was identified as the largest exchange based on the recorded volumes.
At Coinspeaker we use cookies in order to improve site performance, offer you a better browsing experience and enable you to easily share content.AcceptPrivacy policy
