Binance, Huobi, OKEx Have FOMO for DeFi

DeFi FOMO is driving centralized exchanges including Binance, Huobi and OKEx to prepare for a potential new crypto trading landscape where decentralized exchanges dominate.

DeFi FOMO is driving centralized exchanges including Binance, Huobi and OKEx to prepare for a potential new crypto trading landscape where decentralized exchanges dominate.

Total Crypto Derivatives Volume in Q1 2020 Spikes 314% from Q4 2019’s Average

Total futures trading volume strongly surged during Q1 2020 and printed an average volume of $23.3B

Total futures trading volume strongly surged during Q1 2020 and printed an average volume of $23.3B

Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm

Experts weigh in on the future of the crypto industry: “The crypto community needs a reliable insurance mechanism”

Experts weigh in on the future of the crypto industry: “The crypto community needs a reliable insurance mechanism”

Huobi US to Cease Operations After Underwhelming Year

HBUS, the US-focused partner exchange of Huobi, will cease operations on December 15 after less than 18 months in business amidst strong competition among crypto exchanges in the US. HBUS has said it is no longer accepting deposits and while all other services will cease on December 15, customers have until January 31 to withdraw their remaining assets. The announcement comes just a month after Huobi announced that it will freeze all US accounts on its main Singapore-based exchange and push them to HBUS in order to be regulatory compliant. A blog post from … Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Huobi

HBUS, the US-focused partner exchange of Huobi, will cease operations on December 15 after less than 18 months in business amidst strong competition among crypto exchanges in the US.

HBUS has said it is no longer accepting deposits and while all other services will cease on December 15, customers have until January 31 to withdraw their remaining assets. The announcement comes just a month after Huobi announced that it will freeze all US accounts on its main Singapore-based exchange and push them to HBUS in order to be regulatory compliant.

A blog post from …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Huobi to Freeze All US Accounts and Push Users to New Platform

Huobi, the popular Singapore-based crypto exchange, has announced that it will freeze all US accounts by November 13 due to the particularly stringent regulatory environment that has forced the exchange to prohibit US users. Huobi Pushes Users to New Independent Platform In a blog post from the exchange published over the weekend, Huobi has said that its user agreement expressly prohibits US-based crypto traders from using the platform in line with the laws and regulations of the US. The accounts of those users have been gradually disabled in order to prevent any further trading, and traders … Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Huobi

Huobi, the popular Singapore-based crypto exchange, has announced that it will freeze all US accounts by November 13 due to the particularly stringent regulatory environment that has forced the exchange to prohibit US users.

Huobi Pushes Users to New Independent Platform

In a blog post from the exchange published over the weekend, Huobi has said that its user agreement expressly prohibits US-based crypto traders from using the platform in line with the laws and regulations of the US. The accounts of those users have been gradually disabled in order to prevent any further trading, and traders …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

FomoHunt Becomes First Merchant to Accept Huobi Tokens as Payment

Users can now make purchases with Huobi Tokens on e-commerce and cryptocurrency news platform FomoHunt

Users can now make purchases with Huobi Tokens on e-commerce and cryptocurrency news platform FomoHunt

Huobi Global Absorbs Australian Unit Amid Bear Market, Reveals Recent Layoffs

Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development. As previously reported, Singapore-headquartered Huobi…

Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited the crypto market slump and fresh redundancies as the reason for the development.

As previously reported, Singapore-headquartered Huobi Global launched its Australian platform in July 2018, saying at the time that “the move to Australia is a natural fit.” According to Huobi Australia’s announcements, the subsumption under Huobi Global will take effect as of tomorrow, Feb. 26:

“Please be informed that due to poor market conditions and associated recent staff redundancies here at Huobi Australia, all operations, including the management of our platform, social media channels and customer support will be managed by our team at Huobi Global headquarters starting 26th February 2019.”

The exchange has further said it is forgoing plans to add a fiat currency on-ramp, and will retain solely its current coin-coin format. It has therefore also decided to cancel its registration with local regulator, the Australian Transaction Reports and Analysis Centre, which is required only in cases of fiat on-ramps.

Huobi Global is not alone in opting to reduce its head count and close regional operations to survive the crypto market slump. Canadian exchange Coinsquare, mining giant Bitmain, blockchain software firm ConsenSys and decentralized social network Steemit have all made significant cuts and partial closures in recent months.

Despite these reported redundancies and cessation of its Australia-specific operations, Huobi Global nonetheless recently claimed it had seen 100 percent growth in worldwide trading volumes in 2018 over 2017. Moreover, the flagship Huobi Global reportedly expanded its staff from 400 employees in early 2018 to more than 1,300 people by 2019.

A report in December 2018 alleged that Huobi was intending to optimize its staffing by firing underachieving employees in certain areas, while adding talent “for its core businesses and emerging markets.”

Huobi retains regional operations in the United States, South Korea and Japan — the latter relaunching as a fully licensed platform in January following a prior merger with licensed platform BitTrade. In the U.S., the exchange has recently rebranded from HBUS to Huobi.com, compliantly launching fiat-to-crypto trading services earlier this month.

At press time, Huobi Global is ranked fifth largest crypto exchange globally by daily adjusted volumes, seeing around $957 million in trades over the past 24 hours.