Huobi, a cryptocurrency trading and exchange platform is officially launched in South Korea. The Chinese digital currency trading platform based in Beijing is currently providing a trading platform of about 100 cryptocurrencies and 208 markets in South Korea. In addition, the platform has an investor protection fund for any damages which are not caused by the investor.
The cryptocurrencies that are supported by Huobi for the South Korean market includes coins such as Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ripple [XRP], Tron [TRX], Gas [GAS], Qtum [QTUM], NEO [NEO], NEM [XEM], Bitcoin Cash [BCH], Lisk [LSK], EOS [EOS], VeChain [VEN], Ethereum Classic [ETC], OmiseGo [OMG], Bytom [BTM] and many more.
Huobi was one of the largest cryptocurrency exchange platforms in China before the ban along with OKCoin and BTCC. On 25 February 2014, Huobi claimed to have traded 380,000 BTC daily. The exchange platform is even set to launch in the U.S.
Young Jun, a cryptocurrency enthusiast says:
“I’ve been waiting for this for a long time. They were doing a brilliant job in the China market, hopefully, they’ll do the same here.”
Liam Kent, a BTC investor, and crypto-enthusiast says:
“This is a wonderful news. They got all the big countries in. Crypto to moon soon!”
Miyan, a Twitterati says:
“Very nice project this is”
Crypto 18, an IOST & CMT investor says:
“Follow the pro!”
According to Huobi Korea official website, the Won Trading market is yet to be ready. The lack of won trading is likely due to the South Korean regulation which enforced the real-name system at the end of January to avoid piracy. The exchange platform is concentrating on providing safer and stable trading services for the rapid opening of the Korean Won market.
In addition, Huobi provides professional services such as charts, real-time arcade windows, and APIs. Its multiple parallel matching technologies can handle up to 2 million orders per second. The global exchange platform links Korea, China, Hong-Kong, Singapore, Japan and, the United States.