Huobi Pro launches TenX

Chinese cryptocurrency exchange Huobi Pro announced launch of TenX PAY token on its platform
28 November 2017   961

On November 28, Huobi Pro, a digital asset exchange for cryptocurrency traders and investors announced launch of PAY token of TenX platform, which provides the TenX wallet and cards for payments, which are available on iOS, Android, and the web.

At the moment of press, these are main market parameters of TenX token:

  • Average price: $2.51 
  • Marketcap: $262,832,808  
  • 24h volume: $9,990,500

Huobi to Launch Regulated Crypto Exchange

New entity will be focused on the institutional investors
07 December 2018   116

After obtaining a DLT license in Gibraltar, the Huobi cryptocurrency exchange revealed plans to launch a global infrastructure for clients.

According to Huobi representatives, the Gibraltar license gives the right to store and transfer cryptocurrency assets on behalf of clients all over the world. It will also simplify the exchange of fiat currencies for cryptoactives, according to a press release.

Our Gibraltar DLT license will allow us to open a fully-regulated exchange for our Global Institutional clients and retail clients alike, so this is a big win for Huobi and a very positive step forward for our global strategy. It's no secret that we think that well-designed regulatory regimes are a key part of the future for the cryptocurrency industry. Among other benefits, our DLT license will allow us to open doors to more institutional investors who were previously unable or unwilling to get involved in an unregulated sphere.

Lester Haoda Li

Head of Global Institutional Business, Huobi London

In a press release, Huobi also notes that Gibraltar was the first jurisdiction to introduce a regulatory framework for the provision of technology services in a distributed registry.