Huobi Plans to Establish Company’s First Exchange Dedicated to EOS in Q1 2019

Huobi Group intends to discover the organization’s first digital money exchange, which will be devoted to EOS, in Q1 of 2019, as indicated by an official statement by a Blockchain news website.

The crypto exchange will be apparently established by Huobi Pool, the gathering’s digital money mining arm. Cao Fei, the CEO of Huobi Pool, revealed the launch of the EOS trade as the next logical form of support as an EOS Block Producer (BP).
The release expresses that the crypto exchange will enable customers to exchange the altcoin EOS with a few different digital money. Currently, Huobi is the third-positioned crypto trade based on the volume with around $774 million in a day volume at press time.

As per a news report by a blockchain news website, the crypto exchange recently also reported support for EOS on its derivative market. The day by day exchange volume on Huobi’s digital money subsidiary market allegedly crossed $1 billion recently.

The organization’s subsidiary market had been propelled just a month ago, toward the end of November. The advantage that the organization offers while showcasing the market at the crypto frontiers meeting is that it enables customers to take both short and long positions.

EOS has been once again criticized for supposed centralization. Recently, Starteos, one of EOS’ BP’s, appeared to publically provide its token holders cash rewards in return of their votes. There have additionally been investigations in the EOS system after Huobi was blamed for running a corruption system.