Huobi News

Huobi is a Chinese web-platform for cryptocurrency exchange and the second largest in the country. It was founded by Leon Li in 2013. Huobi has gained popularity following the closure of BTCC. All popular fiat and cryptocurrencies are available, but the main pair here is BTC/CNY. The official website has 10 languages. The average amount of trading per day reaches 127,000 BTC, which makes the Huobi exchange the third largest in the crypto industry. Recently, it was announced that Huobi will be issuing their own token developed by the company’s programmers as an extra tool for paying Huobi fees and to make transactions easier, faster and more convenient. The Huobi coin can be bought only on the platform for BTC, BTH, ETH, ETC, LTC and USDT.

Market Analysis
Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday's $4.9 billion BTC futures expiry.
2 key metrics suggest Bitcoin price won’t be pinned below $33K for long
Marcel Pechman
Market Analysis
Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation.
3 reasons why Ethereum price is still on track to top $2,000
Marcel Pechman
Altcoin Watch
New partnerships, interest in initial decentralized exchange offerings and the success of Polkadot back Polkastarter’s impressive 500% rally.
3 key reasons why Polkastarter (POLS) price rallied 500% since December
Jordan Finneseth
Market Analysis
Pro traders opened large short positions and derivatives data are flashing red flags after Ethereum price soared to a new all-time high.
Pro traders go short as overbought derivatives propel Ethereum’s new high
Marcel Pechman
Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble.
Huobi Global now supports ruble deposits and withdrawals
Helen Partz
New Year Special
Crypto derivatives showed enormous growth in 2020 as nearly $2 billion worth of BTC options expired on Christmas day.
Crypto derivatives gained steam in 2020, but 2021 may see true growth
Anirudh Tiwari
Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019
Huobi plans return to the US after ceasing operations in 2019
Helen Partz
New Year Special
Turkey started off strong in crypto and blockchain in 2020 — then the pandemic happened.
How did the Turkish crypto ecosystem survive 2020?
Erhan Kahraman

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