Why can Huobi still be traded now?
Why can Huobi still be traded now? Why can Huobi still be traded now?In 2017, w
Why can Huobi still be traded now? Why can Huobi still be traded now?
In 2017, with the continuous rise of Bitcoin and the increasing demand for blockchain technology from global investors, the price of Bitcoin also experienced significant growth. According to data from CoinMarketCap (third quarter of 2018), the market value of BTC has reached $1 trillion, second only to the U.S. stock index. It is estimated that the total value of digital currencies in 2019 will be around 13 trillion RMB, with about 40% coming from the Chinese market, and the total value of encrypted assets in 2020 will be close to $40 trillion. From this perspective, Huobi is still a leading exchange.
Huobi is one of the world’s largest Bitcoin derivative exchanges and has launched a series of innovative products, such as perpetual contracts, options and delivery contracts, and decentralized perpetual contracts. In addition, Huobi has set up an independent fund to support all its business lines. Currently, the fund has invested in more than 30 companies, including Bitmain, and has laid out through multi-channel financing. The reason why Huobi can launch perpetual contract trading services in the near future is simple: on the one hand, the platform has strong liquidity, and on the other hand, Huobi itself is a very early user group. Therefore, for users, they can use their own funds to freely enter various DeFi fields in order to participate more easily. At the same time, Huobi will also provide more derivative options to meet users’ trading needs, such as lending, options, and futures, to improve users’ asset management skills.
Another important reason why Huobi can still be traded now is due to the security issue that prevents the system from being shut down. In order to ensure the security of users’ assets, Huobi has been actively conducting due diligence and has ultimately decided not to allow users to use Huobi until normal business hours are restored and all orders are closed.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/24899.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Locking Up on Layer2 – A Look at Ethereum’s Latest Trends
According to reports, L2BEAT data shows that up to now, the total lockup volume on Ethereum Layer2 is $8.95 billion, up 29.39% in the past 7 days. Among them, t
-
#Coinbase and Kraken Make Pre-Registration Commitments with Canadian Regulators
According to reports, Coinbase stated in its latest blog post that it had signed an enhanced pre registration commitment with Canadian regulators on March 24th,
-
Huang Licheng’s Aggressive BAYC Trading: An Insight into NFT Investment Strategy
According to the news on February 25, since 20:00 p.m. on February 24, Huang Licheng has completed 154 BAYC transactions, including 136 selling transactions an…
-
When did ETC currency come out (Introduction to ETC Currency)
When did ETC currency come out? When did ETC currency come out? From 2014 to the end of 2018, Vitalik Buterin, the founder of Ethereum Classic, stated that he believed that Bitcoin was a means of storing value. In the blockchain, it can be used as an accounting unit, an exchange medium, a measurement system and other tools, such as electronic invoices or digital currency wallets, which are all created based on the blockchain technology of Ethereum technology. “If we want to pursue a new currency and introduce it into the mainstream financial market, we must have a new currency.” Introduction to etc currency Due to its upward trend in value over the past two years, ETH has become one of the second largest digital currencies by market value. However, its development has not been smooth, and it has also received support and criticism from other projects and teams. For example, the recent popular EOS super node election and voting…
-
Astaria Launches Closed Beta for NFT Lending Platform
According to reports, the NFT lending platform Astaria has announced the launch of a closed beta version, where LSD NFT holders can borrow 0.1ETH using their tokens as collateral d
-
BitFlyer’s Yuzo Kano Plans to Return as CEO and Lead Platform to IPO to Settle Dispute
It is reported that Yuzo Kano, co-founder of BitFlyer, a Japanese cryptotrading platform, plans to return to its CEO position and guide BitFlyer to conduct an …
-
Covent Integrates Arbitrum Nova to Expand GameFi Ecosystem
It is reported that the blockchain data query service platform, Covent, has announced that it has integrated the Layer2 solution, Arbitrum Nova. Covalent said t
-
Table of Contents:
According to reports, the market shows that BTC has exceeded 28000 US dollars and is currently trading at 28003.5 US dollars, with a daily increase of 1.1%. The
-
Caldera Launches Two Public Test Networks for Developers and Users
It is reported that Caldera, the Web3 infrastructure implementation provider and the \”Rollup as a Service\” platform, has officially opened two public test netwo
-
Outlining the Violation by Binance Holdings Limited in Japan
On April 3rd, the Financial Services Agency of Japan (FSA) stated that the cryptocurrency exchange Binance Holdings Limited, represented by Changpeng Zhao, conducted business in th