Huobi Group plans to start the company’s initial cryptocurrency trade — which will be focused to EOS — in the to start with quarter of 2019, according to a push launch sent to Cointelegraph on Dec. 29.
The trade will be reportedly introduced by Huobi Pool, the group’s cryptocurrency mining arm. Cao Fei, the CEO of Huobi Pool, described the launch of the EOS exchange as “the next logical stage in our support” as an EOS Block Producer (BP).
The release states that the trade will make it possible for clients to trade in the altcoin EOS against various other cryptocurrencies.
Huobi is now the third-ranked crypto exchange based mostly on the quantity on CoinMarketCap, with all over $774 million in 24 hour quantity at push time.
As Cointelegraph claimed, the exchange just lately also declared help for EOS on its by-product market place. The each day traded volume on Huobi’s cryptocurrency derivative market also reportedly not long ago broke $1 billion.
The company’s derivative marketplace experienced been introduced only about a month ahead of, at the finish of November. The benefit that the corporation pressured when presenting the marketplace at the Cryptofrontiers meeting is that it allows buyers to consider both of those brief and very long positions.
EOS has been continuously criticized for alleged centralization. Lately, Starteos, 1 of EOS’ BP’s, appeared to publically provide its token holders financial benefits in return for their votes. There have also been investigations in the EOS ecosystem immediately after Huobi was accused of jogging a corruption scheme.