Why can Huobi still be traded now?

08/18/2023 16:17 • Blockchain Buzz • 98 views

Why can Huobi still be traded now? Why can Huobi still be traded now?

In 2017, with the continuous rise of Bitcoin and the increasing demand for blockchain technology from global investors, the price of Bitcoin also experienced significant growth. According to data from CoinMarketCap (third quarter of 2018), the market value of BTC has reached $1 trillion, second only to the U.S. stock index. It is estimated that the total value of digital currencies in 2019 will be around 13 trillion RMB, with about 40% coming from the Chinese market, and the total value of encrypted assets in 2020 will be close to $40 trillion. From this perspective, Huobi is still a leading exchange.

Huobi is one of the world’s largest Bitcoin derivative exchanges and has launched a series of innovative products, such as perpetual contracts, options and delivery contracts, and decentralized perpetual contracts. In addition, Huobi has set up an independent fund to support all its business lines. Currently, the fund has invested in more than 30 companies, including Bitmain, and has laid out through multi-channel financing. The reason why Huobi can launch perpetual contract trading services in the near future is simple: on the one hand, the platform has strong liquidity, and on the other hand, Huobi itself is a very early user group. Therefore, for users, they can use their own funds to freely enter various DeFi fields in order to participate more easily. At the same time, Huobi will also provide more derivative options to meet users’ trading needs, such as lending, options, and futures, to improve users’ asset management skills.

Another important reason why Huobi can still be traded now is due to the security issue that prevents the system from being shut down. In order to ensure the security of users’ assets, Huobi has been actively conducting due diligence and has ultimately decided not to allow users to use Huobi until normal business hours are restored and all orders are closed.

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Why can Huobi still be traded now?

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