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.
The move is less likely to affect the company’s business since it had shifted the exchange overseas a long while ago. A month ago, OKCoin had announced a shutdown of its entity in the country as well.
Amid ICP’s debut on Coinbase, it ranked 8th just behind XRP, with a market cap of over $46 billion. However, the token is now ranked 24th with a market cap of $4.7 billion.
