Headlines are updated in real time. Click on a headline to the left to read the news.
Huobi is a globally recognized cryptocurrency token, known as Huobi Token (HT). It is the native digital asset of the Huobi Global exchange, a leading platform for cryptocurrency trading. The token is based on the Ethereum blockchain and adheres to the ERC-20 standard, making it compatible with a wide range of services.
Huobi Token was brought to life by Leon Li, the founder and CEO of Huobi Group. A former computer engineer at Oracle, Li became a Bitcoin enthusiast in 2011 and later founded Huobi Group in 2013. Jun Du, co-founder of Huobi, has also played a significant role in its development. Other notable contributors include Herbert Rafael Sim, who joined the Huobi Group team in 2018 and is responsible for digital marketing and public relations.
The total supply of Huobi Token is capped at 500 million. At its inception in 2018, 60% of the tokens (300 million) were distributed among the users of the exchange, while the remaining 40% (200 million) were kept in reserve by the company.
Huobi Token can be purchased directly on the Huobi Global exchange, which supports a large number of token trading pairs. Additionally, it is available on several other exchanges including Gate.io, KuCoin, Binance JEX, and many more.
Huobi Token offers several benefits to its holders. It can be used to purchase monthly VIP-status plans for transaction fee discounts, vote on exchange decisions, receive crypto rewards for seasonal buybacks, and gain early access to special events. Moreover, Huobi Token can be traded for other cryptocurrencies at any time.
In terms of security, the Huobi ecosystem has implemented a distributed architecture and anti-DDoS protection system. The majority of the currency (98%) is stored in a multisig cold wallet. The exchange also uses a risk control system to ensure the safety of users' accounts and assets. Since 2018, Huobi has been using an asset protection system known as the Security Reservation Mechanism. Furthermore, Huobi launched its Investor Protection Fund in January 2018, providing insurance against financial losses due to fraudulent activities or other trading risks.
As for technological advancements, Huobi has been continuously working on improving its platform. The exchange has introduced several new features and services, aiming to provide a more user-friendly and secure trading environment. It has also been actively involved in promoting new tokens, offering Huobi Token holders additional coins with each new crypto asset listing.
Recent news about Huobi reveals some significant changes in the company's operations. Huobi Korea, the South Korean subsidiary of Huobi Global, has decided to sever ties with its parent company. The move will allow Huobi Korea to operate independently, strengthening its domestic presence. This development comes after Huobi Global confirmed that it has been operating separately from Huobi Korea since the fall of 2022.
On the market front, Huobi has experienced some challenges. The company's market share has significantly declined from 22% in 2020 to just 4% by the end of 2022. This decline has been accompanied by a drop in Huobi's quarterly revenue and a significant outflow of tokens. Despite these challenges, Huobi continues to innovate, launching the second round of its PrimeVote vote-to-list event, which gives listing rights to HT holders.
In terms of security, Huobi has been proactive in thwarting illicit activities. The company successfully detected and prevented a Harmony One hacker from laundering money via its platform. This was achieved through the coordinated efforts of Huobi's staff and other exchanges. In addition, Huobi has formed strategic partnerships with companies like Solaris and TrustWallet, offering new services such as a crypto-to-fiat debit card for European users and an integrated dashboard for KuCoin account holders.
Despite the challenges, Huobi remains a significant player in the crypto market. The company continues to innovate and adapt to market changes, offering new services and opportunities for its users. If you're wondering where to buy Huobi or want to keep up with Huobi news today, it's recommended to follow the company's official announcements and market updates.
Headlines are updated in real time. Click on a headline to the left to read the news.
Huobi is a globally recognized cryptocurrency token, known as Huobi Token (HT). It is the native digital asset of the Huobi Global exchange, a leading platform for cryptocurrency trading. The token is based on the Ethereum blockchain and adheres to the ERC-20 standard, making it compatible with a wide range of services.
Huobi Token was brought to life by Leon Li, the founder and CEO of Huobi Group. A former computer engineer at Oracle, Li became a Bitcoin enthusiast in 2011 and later founded Huobi Group in 2013. Jun Du, co-founder of Huobi, has also played a significant role in its development. Other notable contributors include Herbert Rafael Sim, who joined the Huobi Group team in 2018 and is responsible for digital marketing and public relations.
The total supply of Huobi Token is capped at 500 million. At its inception in 2018, 60% of the tokens (300 million) were distributed among the users of the exchange, while the remaining 40% (200 million) were kept in reserve by the company.
Huobi Token can be purchased directly on the Huobi Global exchange, which supports a large number of token trading pairs. Additionally, it is available on several other exchanges including Gate.io, KuCoin, Binance JEX, and many more.
Huobi Token offers several benefits to its holders. It can be used to purchase monthly VIP-status plans for transaction fee discounts, vote on exchange decisions, receive crypto rewards for seasonal buybacks, and gain early access to special events. Moreover, Huobi Token can be traded for other cryptocurrencies at any time.
In terms of security, the Huobi ecosystem has implemented a distributed architecture and anti-DDoS protection system. The majority of the currency (98%) is stored in a multisig cold wallet. The exchange also uses a risk control system to ensure the safety of users' accounts and assets. Since 2018, Huobi has been using an asset protection system known as the Security Reservation Mechanism. Furthermore, Huobi launched its Investor Protection Fund in January 2018, providing insurance against financial losses due to fraudulent activities or other trading risks.
As for technological advancements, Huobi has been continuously working on improving its platform. The exchange has introduced several new features and services, aiming to provide a more user-friendly and secure trading environment. It has also been actively involved in promoting new tokens, offering Huobi Token holders additional coins with each new crypto asset listing.
Recent news about Huobi reveals some significant changes in the company's operations. Huobi Korea, the South Korean subsidiary of Huobi Global, has decided to sever ties with its parent company. The move will allow Huobi Korea to operate independently, strengthening its domestic presence. This development comes after Huobi Global confirmed that it has been operating separately from Huobi Korea since the fall of 2022.
On the market front, Huobi has experienced some challenges. The company's market share has significantly declined from 22% in 2020 to just 4% by the end of 2022. This decline has been accompanied by a drop in Huobi's quarterly revenue and a significant outflow of tokens. Despite these challenges, Huobi continues to innovate, launching the second round of its PrimeVote vote-to-list event, which gives listing rights to HT holders.
In terms of security, Huobi has been proactive in thwarting illicit activities. The company successfully detected and prevented a Harmony One hacker from laundering money via its platform. This was achieved through the coordinated efforts of Huobi's staff and other exchanges. In addition, Huobi has formed strategic partnerships with companies like Solaris and TrustWallet, offering new services such as a crypto-to-fiat debit card for European users and an integrated dashboard for KuCoin account holders.
Despite the challenges, Huobi remains a significant player in the crypto market. The company continues to innovate and adapt to market changes, offering new services and opportunities for its users. If you're wondering where to buy Huobi or want to keep up with Huobi news today, it's recommended to follow the company's official announcements and market updates.