Huobi to Announce EOS Support

The new tool will give users the opportunity to speculate, engage in arbitration and hedge risks with EOS
26 December 2018   585

Cryptocurrency Derivatives Platform Huobi DM has announced the upcoming support for the fifth largest EOS cryptocurrency capitalization.

The exchange said that contracts for long and short positions in the EOS / USD pair will be launched on Friday, December 28, at 18:00 SGT (10:00 GMT).

The new tool will give users the opportunity to speculate, engage in arbitration and hedge risks using EOS.

It is also reported that in the future, contracts for other digital currencies will be added to Huobi DM.

Huobi to Reply on Faking Trading Volumes Accusations

Huobi did not find any evidence of systematic abuse, CEO Huobi Global said
31 May 2019   225

The general director of Huobi Global, Livio Weng, said that the Huobi cryptocurrency exchange has never been involved in faking trading trading volumes, as stated in the report of Bitwise Asset Management. It is reported by CoinDesk.

So, after the publication of the report, Huobi conducted an internal investigation, which resulted in no systematic problem.

We did identify a few of our market makers conducting what we suspect may have been wash trading for the sake of performance and marketing purposes. We have already communicated with these market makers and they have discontinued the strategies in question.
 

Livio Weng

CEO, Huobi Global

In the near future, the exchange will make the necessary changes in its policy, as well as take additional measures to combat the increase in trading volumes.

Late March, Bitwise told the US Securities and Exchange Commission (SEC) that 95% of trading volumes on unregulated exchanges are fake and devoid of any economic sense.

This provoked a lively discussion around the CoinMarketCap analytical resource and the correctness of the data published on it.

Later, Bitwise said that the cryptocurrency market can be considered “healthy” if it will get rid of fake data.

Only 10 Bitcoin exchanges passed the original test of the company, Binance, Bitfinex, Coinbase, Kraken, Bitstamp, bitFlyer, Gemini, itBit, Bittrex and Poloniex are among them.