Huobi Exchange Review & Traders Feedbacks

Margo

Margo

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The Huobi Exchange was founded in May 2013. Huobi was once one of the most popular exchanges of China's cryptocurrency market, which, like other trading platforms of this country, became a victim of the authorities policy against digital assets, and in October 2017 was forced to close. The exchange was opened again under the Huobi.pro brand. The Huobi.pro domain was registered on March 19, 2017.
The exchange has its own token — Huobi Token (HT).

After relaunching the site was reoriented to world markets. It is headquartered in Singapore and managed by the Huobi Global Team. The exchange makes transactions from Singapore, Japan, Hong Kong, and also has operational representative offices in China.

The exchange supports more than 190 trading pairs, which are divided into 3 main markets: USDT, BTC and ETH. In addition to the standard inclusions of the cryptocurrencies in the listing, bitcoin forks such as BTG, BIFI or BCX are added to Huobi.pro.

Huobi manages more than $ 1 billion in assets, and the number of serviced countries exceeds 130. Among other things, the exchange offers the possibility of margin trading, for which traders are invited to sign an additional agreement, as unsecured trading implies a higher risk.

The Huobi Labs blockchain incubator works on the platform of the exchange contributing to the development of pre-ICO projects, assessing their viability, offering consulting services and eventually allowing start-ups to promote their products through Huobi.

Advantages:

  • optional verification (useful for small investors);
  • the necessary level of security;
  • a large number of currencies;
  • simple and clear trade, as well as the ability to trade borrowed funds.

Disadvantages:
  • lack of some instruments for trading - for example, there are no stop orders;
  • not all markets are connected to marginal trading and not all currencies are available.
 
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