Huobi Officially Launches Its First EOS Exchange
January 11, major cryptocurrency exchange Huobi launches its first EOS dedicated exchange, allowing users to trade EOS against three cryptocurrencies.
According to the announcement, the EOS exchange is in a trial operation stage. At present, the exchange reveals three EOS trading pairs: EOS/BTC, EOS/ETH, and EOS/USDT. Other cryptocurrencies trading pairs will be revealed in the near future.
In addition, specific digital assets on Huobi Global and Huobi EOS exchange, including EOS, USDT, BTC and ETH for now, can be exchanged through the “internal withdraw” service with no service charge. Users of Huobi need to authorize account activation on Huobi EOS exchange before access to the “internal withdraw” operation.
Huobi is currently the third largest crypto exchange with an average 24-hour trading volume of around $500 million. The cryptocurrency mining arm of Huobi Group, Huobi Pool, is already an EOS supernode and works closely with EOS. Huobi Pool has also developed a voting platform for EOS owners and manages an EOS community to raise awareness of node elections.
Cao Fei, CEO of Huobi Pool said earlier this month that:
“As an EOS super node, Huobi Pool has placed its ecological development high on its list of priorities. Launching this EOS exchange is simply the next logical step in our support.”
Actually, Huobi Pool has been working on the EOS exchange since last year along with other collaborative projects include the Crypto Kylin Testnet, an EOS test chain for developing EOS projects.
The EOS DPoS protocol has been reportedly criticized for security flaws in the system as well as alleged centralization. Last October, EOSNation developed a referendum tool to make the system more fair.
As of press time, EOS is the world’s the fifth-largest cryptocurrency by market cap, with the 6.43 price decline in the past 24 hours, and currently trading at $2.41.