Huobi explained its position on the SegWit2x

Big Chinese cryptocurrencies exchange released official statement regarding the upcmoming hardfork
20 October 2017   1751

The Chinese cryptocurrency exchange Huobi Pro will add support for tokens, which may appear in mid-November as a result of the SegWit2x hardfork. This is reported on the official site of the trading platform.

Huobi Pro does not have the right to and chooses not to pick any coins deriving from bitcoin Segwit2x hark fork on behalf of our users. Therefore, Huobi Pro will support all coins deriving from bitcoin Segwit2x hard fork and our users have the options to choose which coins to trade. 
 

Huobi Official Announcement

Thus, users of the exchange will be able to choose which assets they want to trade. Representatives of the trading platform reported that for security purposes, the input and output of funds will be frozen for up to three days.

In addition, on October 19, Huobi added BT1 / BTC and BT2 / BTC futures. In the case of a successful hardfork, Huobi plans to rename the tokens of the new chain and add these tokens to the users in the ratio 1: 1. Then the exchange will start trading paired with BTC, and the new tokens also being traded paired with bitcoin. In case of a failure of the hardfork, Huobi will stop trading futures BT1 and BT2.

Huobi to Launch Brokerage Platform

The service, aimed at institutional investors, is  available to investors in almost all regions where Huobi is present, except China
22 January 2020   299

Huobi cryptocurrency exchange opens a brokerage platform focused on the needs of institutional investors.

The announcement of the Huobi Brokerage platform took place this Tuesday at the World Economic Forum in Davos. The service is already available to investors in almost all regions where Huobi is present, with the exception of China.

The brokerage platform is the first product of the Global Institutional Business (GIB) division, which will focus on serving institutional clients. According to the publication, from the third quarter of 2019, Huobi recorded an increase in the institutional client base by 400% - it was possible to attract 1,700 investors.

GIB currently has offices in London, Singapore, and Hong Kong and will be a top priority for Huobi in 2020 as it continues to expand globally.

 

Huobi

 

Like the American brokerage service Tagomi, Huobi Brokerage provides the ability to execute applications at the best prices by forwarding them to several trading platforms, including third-party exchanges and over-the-counter services. Huobi is known to have over-the-counter partners in Chicago Jump Trading and Hong Kong-based Alameda Research.

In addition, the platform provides services for block trading, individual financing and other solutions for traders interested in concluding large transactions. Bitcoin, USDT, HUSD, PAX, TUSD and USDC are available for trading blocks. By the end of the first quarter, ETH, EOS, BCH, LTC and XRP will be added to them.

2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand. As we enter the next phase of crypto, Huobi staking an active role in setting new standards for institutional and retail clients alike.

Ciara Sun

Huobi Group vice president