Huobi

Dragonfly Capital Co-founder Alex Pack Joins Huobi's Corporate Investment Arm

Thursday, October 29, 2020 - 7:33pm

LONDON, Oct.29, 2020 /PRNewswire/ -- Huobi Group today announced that Alex Pack, a former managing partner of crypto investment firm Dragonfly Capital, has joined as a corporate investment advisor.

Key Points: 
  • LONDON, Oct.29, 2020 /PRNewswire/ -- Huobi Group today announced that Alex Pack, a former managing partner of crypto investment firm Dragonfly Capital, has joined as a corporate investment advisor.
  • In his new role, Pack will work closely with Huobi's corporate investment team led by Chief Investment Officer Sharlyn Wu, a veteran banking executive who was recently appointed to oversee the company's venture investments.
  • Pack will play an active role across all aspects of Huobi's investment operations, from deal sourcing and due diligence to deal execution and portfolio support.
  • In 2018, he co-founded Dragonfly Capital with Feng Bo, a $100M crypto-focused venture fund, and previously invested with Bain Capital Ventures and AngelList.

Huobi Token Burnt 3.94 Million in September

Monday, October 26, 2020 - 10:42am

The circulating deflation rate for the month is about: 1.3 % (Note: circulating deflation rate = the total number of 394.06 million HT burnt in the current period * (15% / 20%) / 2199.337 million HT in circulation in the previous period).

Key Points: 
  • The circulating deflation rate for the month is about: 1.3 % (Note: circulating deflation rate = the total number of 394.06 million HT burnt in the current period * (15% / 20%) / 2199.337 million HT in circulation in the previous period).
  • As of October 14, Huobi Global has launched 6 types of coin mining campaign, 6 types of DeFi liquidity mining campaign.
  • 63 million worth of HT has participated in the campaigns and Huobi has distributed over 6.65 million worth of USDT reward to participants.
  • On September 27, Huobi Chain and other 7 public chains became the first 8 underlying framework parties to join the BSN Open Alliance Chain.

Huobi Expands Fiat Gateway to Support AUD, GBP and EUR through Banxa

Saturday, October 17, 2020 - 8:22pm

The partnership allows users in Australia, UK, and the European Union to purchase cryptocurrencies with their official fiat currencies.

Key Points: 
  • The partnership allows users in Australia, UK, and the European Union to purchase cryptocurrencies with their official fiat currencies.
  • Users can access the new fiat-to-crypto gateway directly from the Huobi OTC site and deposit AUD, GBP, or EUR to begin trading cryptocurrencies in just a few clicks.
  • "Our partnership with Banxa allows us to support three of the world's most widely-used fiat currencies, marking a significant milestone in our global expansion," said Ciara Sun, Vice President, Global Markets at Huobi Group.
  • "With our newly expanded fiat gateway, we want to help accelerate crypto adoption by making digital assets much more easily accessible to the masses.

Inverted Blockchain Oracle PARSIQ Releases FLASHR - a Free Product to Track Crypto Projects' Asset Movements

Wednesday, September 30, 2020 - 7:00pm

TALLINN, Estonia, Sept. 30,2020 /PRNewswire-PRWeb/ --Blockchain monitoring and automation platform PARSIQ recently announced the release of its newest sub-product Flashr.

Key Points: 
  • TALLINN, Estonia, Sept. 30,2020 /PRNewswire-PRWeb/ --Blockchain monitoring and automation platform PARSIQ recently announced the release of its newest sub-product Flashr.
  • Flashr is a public and free-to-use monitoring system that allows users to be notified of any token movements that they are interested in or invested in.
  • Currently FLASHR keeps track of 13 projects: Aave, Serum, FTX, Huobi, PARSIQ, Band Protocol, Compound, Reserve Rights, DFI.Money, Chainlink, CoinMetro, Yearn.finance, Uniswap.
  • Using Flashr, investors can now make smarter decisions regarding their token investments by receiving real-time data about on-chain movements.

Huobi Futures Launches Stablecoin Yield Farming Campaign to Nurture Seed Users for Its Upcoming USDT-Margined Swaps

Monday, September 28, 2020 - 3:16pm

LONDON, Sept. 27, 2020 /PRNewswire/ -- To celebrate the seventh anniversary of Huobi, Huobi Futures now introduces "Huobi Stablecoin Yield Farming: Trade USDT/USD Swaps and Gain 100% Transaction Fee Return".

Key Points: 
  • LONDON, Sept. 27, 2020 /PRNewswire/ -- To celebrate the seventh anniversary of Huobi, Huobi Futures now introduces "Huobi Stablecoin Yield Farming: Trade USDT/USD Swaps and Gain 100% Transaction Fee Return".
  • All transaction fees that the users contributed through trading USDT/USD swaps will be returned to the Makers of USDT/USD swaps in 100%.
  • We hope that this new market will bring in new assets and users, and nurture the seed users for its upcoming USDT-margined perpetual swaps.
  • Users who trade USDT/USD swaps as a Maker during the campaign period will be automatically considered as participants of this yield mining campaign.

Huobi Launches Dedicated Crypto Trading App for the Russian Market

Monday, September 28, 2020 - 3:26am

LONDON, Sept. 27, 2020 /PRNewswire/ -- Huobi Global, the world's leading digital asset exchange, today released a native mobile app for the Russian market.

Key Points: 
  • LONDON, Sept. 27, 2020 /PRNewswire/ -- Huobi Global, the world's leading digital asset exchange, today released a native mobile app for the Russian market.
  • Russian users already account for 10 percent of Huobi's total spot trading volume, but Huobi aims to further expand its market share by providing locals with a professional, safe and transparent trading service delivered in a fully-native mobile format.
  • From the mobile app, users can access a wide variety of trading pairs, including LTC/BTC, ETH/BTC, BCC/BTC, BTC/USDT, etc., and trading methods, such as limit and market orders.
  • The launch of the dedicated mobile app underscores Huobi's commitment to the Russian market and follows a recent move to consolidate its partner-operated Russian exchange into the broader Huobi Global ecosystem.

Huobi Perpetual Swaps Joins DeFi Yield Farming Campaign with $200,000 Reward

Monday, September 21, 2020 - 10:44pm

LONDON, Sept. 21, 2020 /PRNewswire/ -- To celebrate the seventh anniversary of Huobi, Huobi Futures has launched a DeFi Yield Farming campaign with $200,000 reward to premium users on September 21.

Key Points: 
  • LONDON, Sept. 21, 2020 /PRNewswire/ -- To celebrate the seventh anniversary of Huobi, Huobi Futures has launched a DeFi Yield Farming campaign with $200,000 reward to premium users on September 21.
  • The campaign starts at16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1.
  • Huobi perpetual swaps supports the following DeFi assets UNI, LINK, YFII, SUSHI, DOT, YFI and ADA for this campaign.Except for ADA and DOT, the remaining five are all DeFi tokens.
  • So far, Huobi has 61 widely-accepted tokens in its swaps suite including 28 DeFi tokens, becoming the crypto platform that offers the most coin-margined swaps globally.

Cryptocurrencies are Primary Investments for Many, Finds New Huobi Survey

Monday, September 21, 2020 - 1:17pm

LONDON, Sept. 21, 2020 /PRNewswire/ -- Huobi Global today released details from a new survey exploring the investment profiles of retail cryptocurrency traders in emerging markets.

Key Points: 
  • LONDON, Sept. 21, 2020 /PRNewswire/ -- Huobi Global today released details from a new survey exploring the investment profiles of retail cryptocurrency traders in emerging markets.
  • The survey results suggest that digital assets like Bitcoin (BTC) and Ether (ETH) have become the first point of entry to financial management for many individuals.
  • "With this survey, we set out to take an active pulse of users in emerging markets, which will help us design and launch better products for the broader crypto community."
  • Last month, Huobi launched a crypto savings product in public beta based on the results of this survey.

Huobi Vice President Share Opinions on Understanding Why Cryptocurrency Exchanges Can Face Outages

Friday, September 18, 2020 - 5:44pm

LONDON, Sept. 18, 2020 /PRNewswire/ -- On September 17, Ciara Sun, Vice President of Huobi Global Markets of Huobi Group shared an opinion article about her understandings of why cryptocurrency exchanges can face outage in response to the frequent exchange outages events happened to the recent market.

Key Points: 
  • LONDON, Sept. 18, 2020 /PRNewswire/ -- On September 17, Ciara Sun, Vice President of Huobi Global Markets of Huobi Group shared an opinion article about her understandings of why cryptocurrency exchanges can face outage in response to the frequent exchange outages events happened to the recent market.
  • Big price swings often lead to big trading volume and for some exchanges, this cannot be handled and an outage occurs.
  • This is a very basic understanding of why outages can happen, but we would like to educate further on other reasons that can cause outages in cryptocurrency exchanges.
  • Since its launch in 2018, Huobi Futures has maintained the zero clawback record even in the extreme market on Mar.

Following HBTC, Huobi Global to launch the H-token series on Ethereum

Sunday, September 13, 2020 - 6:16pm

LONDON, Sept. 13, 2020 /PRNewswire/ --Huobi Global announces today the H-token series - a suite of assets that are issued on Ethereum and backed by cryptocurrencies from other blockchains to bring more digital assets to the Ethereum DeFi ecosystem.

Key Points: 
  • LONDON, Sept. 13, 2020 /PRNewswire/ --Huobi Global announces today the H-token series - a suite of assets that are issued on Ethereum and backed by cryptocurrencies from other blockchains to bring more digital assets to the Ethereum DeFi ecosystem.
  • In February 2020, Huobi Global launched HBTC, an Ethereum-based token that can be 1:1 exchanged for BTC.
  • At today's launch, Huobi Global will provide three H-tokens, including DOT, LTC, and BCH.
  • "Huobi DeFi Labs is an incubator backed by Huobi to support the DeFi ecosystem.