Huobi Group to launch an exchange fully dedicated to EOS
One of the leading crypto exchanges in the world, Singapore-based Huobi announced on Saturday that its mining arm, Huobi Pool will launch the company’s first exchange in Q1 of 2019, according to a press release. The exchange will be fully dedicated to EOS [EOS].
Speaking about this development, Cao Fei, Huobi Pool’s CEO said, “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.”
Huobi Pool has been working towards this goal since its launch early this year and it has been closely involved with the community to develop this first EOS exchange. Among other activities in 2018, it also worked in close collaboration with other block producers to build an EOS test chain, the Crypto Kylin Testnet, where EOS-based projects can be tested.
The new exchange will give users the freedom to trade EOS with a number of other cryptocurrencies thus giving a new dimension to the Huobi ecosystem.
Earlier this month, Huobi Derivative Market (DM) announced the introduction of an EOS [EOS] contract, thereby expanding the trading volume. The Singapore based cryptocurrency exchange announced the derivatives branch at the Coinfrontiers conference in New York City. Initially, the derivative market only featured Bitcoin [BTC] and Ethereum [ETH] based contracts. The company’s derivative market was launched only a month before, in the month of November.
On a somber note, the exchange is also planning to ‘optimize staff’ thereby getting rid of the worst –performing employees. It is not the only one which is reducing its manpower following a disastrous November. Crypto mining giant, Bitmain and ConsenSys are also following suit. Crypto mining GPU manufacturers like GMO internet group, Nvidia and AMD have announced a significant drop in their revenues following the recent ‘Crypto Winter.”
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