Huobi Rolls Out EOS-Dedicated Crypto Exchange

via vest

Cryptocurrency exchange operator Huobi Group has launched a new trading platform dedicated to the fifth-largest virtual coin by market capitalization, EOS (EOS). The project commenced operations via a trial version on Friday, the Singapore-based crypto company said in a press release.

The exchange offers EOS trading in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). After the end of the beta period, Huobi will conduct an analysis to determine what other altcoins to add.

“Please note that the designated assets (currently EOS, USDT, BTC, ETH) in Huobi Global and Huobi EOS Exchange are connected through the “Internal withdrawal. Huobi users have to authorize Huobi EOS Exchange to activate the account before carrying out the “Internal withdrawal” operation,” the company said in its statement.

Along with the three pairs, the main exchange, Huobi Global (HBG), supports two additional EOS markets - with Huobi Token (HT) and HUSD. The latter is the stablecoin service of Huobi, which gives investors exposure to four US-pegged crypto assets: USD Coin, Gemini Dollar, True USD, and Paxos Standard Token.

The Singapore group incorporated the EOS exchange under its cryptocurrency mining division, Huobi Pool, according to a press release late in December.

“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 CEO Cao Fei said at the time.

Huobi Group was recently accused of EOS voting collusion. According to a leaked document, a system of votes and kickbacks allowed Huobi to maintain its position within EOS, which are allegations the company has denied.

Currently, Huobi Global is among the top 10 markets for EOS. The coin clocked $732 million in trading volume in the 24 hours to 09:47 UTC on Monday, according to Coinmarketcap. Huobi Global accounted for nearly 8% of the total, or $63.7 million.

Separately on Friday, Huobi’s US partner HBUS changed its name to Huobi and took the domain, which was until then the home of HGB. HBUS said it continued to be an independent entity but had signed an agreement allowing it exclusive use of the Huobi name in the US and China.

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