Huobi to Launch Company’s First Exchange Dedicated to EOS in Q1 2019

Huobi plans to launch the corporate’s first crypto change — devoted to EOS — within the first quarter of 2019.

Huobi Group plans to launch the corporate’s first cryptocurrency change — which will probably be devoted to EOS — within the first quarter of 2019, in line with a press launch despatched to Cointelegraph on Dec. 29.

The change will probably be reportedly launched by Huobi Pool, the group’s cryptocurrency mining arm. Cao Fei, the CEO of Huobi Pool, described the launch of the EOS change as “the subsequent logical step in our help” as an EOS Block Producer (BP).

The launch states that the change will permit shoppers to commerce within the altcoin EOS towards a number of different cryptocurrencies.

Huobi is at present the third-ranked crypto change primarily based on the quantity on CoinMarketCap, with round $774 million in 24 hour quantity at press time.

As Cointelegraph reported, the change not too long ago additionally introduced help for EOS on its by-product market. The every day traded quantity on Huobi’s cryptocurrency by-product market additionally reportedly not too long ago broke $1 billion.

The firm’s by-product market had been launched solely a few month earlier than, on the finish of November. The benefit that the corporate careworn when presenting the market on the Cryptofrontiers convention is that it permits prospects to take each quick and lengthy positions.

EOS has been repeatedly criticized for alleged centralization. Recently, Starteos, one among EOS’ BP’s, appeared to publically provide its token holders monetary rewards in return for his or her votes. There have additionally been investigations within the EOS ecosystem after Huobi was accused of working a corruption scheme.

Original supply: https://cointelegraph.com/news/huobi-to-launch-companys-first-exchange-dedicated-to-eos-in-q1-2019

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Source: BTC Upload