Huobi officially launches in South Korea with 100 cryptocurrencies
Huobi officially launched in South Korea with 100 cryptocurrencies. Huobi Korea officially starts operations in South Korea. Platform facilitates trading of 100 cryptocurrencies and 208 markets. The exchange is also establishing an investor hedge fund and program to promptly recover any losses that are not investor fault.
Huobi will list 100 cryptocurrencies and 208 markets on its platform
Huobi 100 cryptocurrencies and 208 will list the market on its platform. Huobi Korea, a subsidiary of Beijing-based cryptocurrency trading exchange Huobi, announced that it officially started operations on March 30.. Huobi Korea to list 100 cryptocurrencies and 208 markets (33 USDT markets, 98 BTC markets, 77 ETH markets). The exchange states that 98% of client assets are stored in a cold wallet.. In addition, according to media reports, the exchange’s internal access procedure has been strengthened.
Huobi Korea is also establishing an investor hedge fund and program
One of Huobi Korea’s officials has addressed the issue. made the following statements about it:
We secure the system with complex procedures that require multiple people to authenticate together to open the repository.. We also set up an investor hedge fund and run an investor protection program to immediately recover losses that are not investor fault.
Huobi Korea will seek to support more cryptocurrency trading
Huobi In a statement on Thursday, Huobi confirmed that 100 cryptocurrencies can be traded in Korea.. He also stated that the exchange will try to support more cryptocurrency trading.. Huobi officially launches in South Korea with 100 cryptocurrencies. Supported cryptocurrencies, according to Huobi; “Includes DAT, DBC, DGD, DTA, EDU, ABT, ACT, ADX, AIDOC, APPC, AST, BAT, BCD, BCH, BCX, BIFI, BLZ BTC, BTG, BTM, CHAT, CMT, CTXC, CVC , LINK, LSK, LTC, LUN, MANA, MCO, MDS, ICC, IOST, ITC, ICC, IOST, ITO, ECO, ELA, ELF, ENG, EOS , ETC, ETH, EVX, GAS, GNT, GNX, MTP , MTL, MTN, MTX, NAS, NEO, OCN, OMG, ONT, OST, PAYMENT, POWR, PROPY, QASH, QSP, QTUM, QUN, RCN, RDN , REQ, RPX, RUFF, SALT, SBTC, SMT, SNC , SNT, SOC, SRN, STK, STORJ, SWFTC, THETA, TNB, TNT, TOPC, TRX, USDT, UTK, VEN, WAX, WICC, WPR, XEM XRP, YEE, ZEC, ZIL, ZLA and ZRX”.
Korean Won support coming soon
Huobi is officially launched in South Korea with 100 cryptocurrencies for trading. Huobi Korea said:
KRW market is in preparation and will be released soon.
Absence of winning trade, possibly South Korea implementing the real name system in late January due to the regulation. Since implementing it, Korean banks have only opened virtual accounts on the country’s four largest exchanges – Upbit, Bithumb, Coinone and Korbit.. But Money Today reported on Thursday that Shinhan Bank, a major bank in Korea, has opened an account with CoinPlug, a small cryptocurrency exchange.. An official from Huobi Korea said:
We are increasing our ability to prepare for the rapid opening of the Korean market. All employees will work hard to provide safer and more stable trading services.
Huobi’s global expansion
Huobi’s current 24-hour trading volume is 1.32 The third largest cryptocurrency exchange globally with billion dollars and trading volume. South Korea’s largest exchange is Cocoa-backed Upbit, with a trading volume of $745 million during the same period.
Before China shut down its cryptocurrency exchanges, Huobi was among the largest in the country.. Today the company operates in six countries “Korea, Singapore, USA, Japan, Hong Kong and China”. Last week, Huobi registered with the US Financial Crime Protection Network in preparation for the launch of the US.. Meanwhile, Japan SBI Group has ceased capital and business ties with Huobi Group.
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