Huobi & OKEx to List USDT-TRON

Both exchanges note that the listing of a new token is due to the desire to provide users with access to a variety of stablecoins
22 March 2019   538

Huobi Global and OKEx in two separate statements announced their intention to support the USDT, which is preparing to be launched on the Tron blockchain in the second quarter.

At the beginning of the month, Tron and Tether announced a partnership aimed at launching USDT in the TRC-20 format, which complies with the technical standard of the Tron blockchain. The new token is intended for use in all decentralized applications in the Tron ecosystem and is designed to increase its liquidity.

Huobi Global and OKEx note that the listing of a new token is due to the desire to provide users with access to a variety of stablecoins. Both exchanges will support USDT in three formats: on the Bitcoin blockchain via the Omni protocol, on the Ethereum blockchain in the ERC-20 format and on the Tron blockchain.

Huobi to Reply on Faking Trading Volumes Accusations

Huobi did not find any evidence of systematic abuse, CEO Huobi Global said
31 May 2019   304

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.