What is Huobi?
Huobi, like OKEx and Bit-Z, is one of the largest cryptocurrency exchanges in terms of trade volume. It began with a focus on the Chinese market but has since expanded to over 130 countries.
It is also one of the oldest exchanges, having been established in 2013. Huobi Global, Huobi's parent company, has offices in Japan, South Korea, the United Kingdom, Australia, Canada, Brazil, and Hong Kong.
Huobi has its own token, Huobi Token (HT), which was launched in January 2018. It is one of the top 100 currencies by market cap according to Coin Market Cap.
Who created Huobi?
Leon Li established China in 2013. Li has a background in financial technology and worked as a computer engineer at Oracle before founding Huobi.A brief history
Huobi was founded in September of 2013.
After China banned cryptocurrency exchanges in November 2017, the company relocated its headquarters to Singapore.
Huobi Token (HT) was launched in January 2018.
April 2018 - Trades surpass $1 trillion.
September 2018 - Purchases a Japanese cryptocurrency exchange Bittrade
Huobi launches a derivatives market in November 2018.How is Huobi Token produced?
Huobi Tokens (HT) were first issued in 2018, with a 500 million total supply. 300 million of those were given away as a bonus to people who purchased a "points card" on Huobi Pro. The remaining 100 million HT will be used for 'user rewards and platform operation,' while the remaining 100 million will be used for team incentives. The tokens were created to help Huobi recover after a Chinese crackdown on cryptocurrency trading caused trade volumes to plummet. The tokens were designed to increase platform loyalty.
HT can be bought and sold on one of Huobi's exchanges, and unlike many other cryptocurrencies, it is not mined.
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