Huobi Global cryptocurrency exchange today is in the TOP of the largest exchanges in terms of the trading volume. Founded in 2013, Huobi brings together 10 million traders from more than 130 countries who make a daily turnover of $ 6 billion. Headquartered in Singapore, Huobi has many large offices in Japan, Korea, Hong Kong, and the United States, and in 2018, the company's vice president announced preparations for opening an office in London. From that moment, Huobi Global executives are about to start capturing the European market. The exchange management philosophy is to popularize digital assets, make trading more understandable, and tell as many people as possible about cryptocurrencies. Which affects the principles of the exchange, and the attitude towards customers. The interface of the Huobi website and exchange has been translated into 12 popular languages, including Russian. Benefits The main advantages of the exchange are the following: - One of the best personal data protection systems, protection against DDoS attacks. Also, a fund for protecting investors with a compensation system; - More than 150 cryptocurrencies in the list, a huge number of trading pairs, the ability to trade with fiat (USD, EUR); - In addition to multilingualism, the management took care of the creation of working groups around the world to provide operational round-the-clock support to customers; - An independent coin rating system, excellent feedback from the community, for example, in the matter of choosing new tokens to add to the autonomous Exchange (HADAX); - It is not necessary to pass KYC if you intend to withdraw less than 100 BTC per day from the exchange; - A set of cryptocurrency instruments for trading derivatives with large leverage (up to 1 to 5) - Huobi DM (Derivatives Market). In which traders, observing the volatility of asset prices, open “longs” or “shorts” based on personal forecasts of price changes. Huobi Token To increase confidence and attract new users, in early 2018, an internal exchange token "HT" was created on the ERC-20 protocol. In fact, the token was created solely to reduce the commission, by partially paying it with the ht coin. In fact, the token was created solely to reduce the commission, by partially paying it with the ht coin. Also, Huobi token is used to vote for the inclusion of a new token to “HADAX” - the Huobi digital asset exchange. In addition, token holders have the opportunity to receive VIP status on the exchange, which allows them to pay lower commissions and participate in new coins trading earlier than others (a kind of closed token sale). Commissions The exchange has a flexible, interactive system for calculating fees, which depends on several factors, primarily on the status of the user. As stated above, it is possible to acquire special status for the internal HT token. There is also a system of “levels”, which depends on the volume of all transactions in the equivalent to BTC for the last 30 days. For a user with a standard status, the commission for crypto trading will be 0.2%, but the higher his level, the more part of the commission can be paid at the expense of Huobi token - almost 70% of the entire commission. “Professional user” - the owner of more than 100,000 ht will conduct crypto trading with a commission of 0.05% at the first level, decreasing to 0.01% at the ninth. With the ability to reduce this commission by 35% due to the internal token. Conclusions It’s already clear that Huobi is no longer just a crypto exchange, but a large ecosystem with its own rules, principles, policies, and economies. The activity of which is aimed at the development of the crypto industry and the popularization of trading among people from all countries and continents. You can find the most up-to-date information about the exchange on the Neironix information portal. Daily trading volumes, trading pairs, available cryptocurrency assets, and the latest exchange news.
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