Exchange Review | Huobi – An advanced trading platform managed by HBUS Holdco

Huobi is an advanced digital currency trading platform managed by HBUS Holdco, Inc. (“HBUS”), a US company and strategic partner of Huobi Global, one of the largest providers of digital asset management and management services in the world. Houbi was founded in China whose base of operations is located in Singapore. It is very expanded all over the world as it serves millions of users in 130 countries, accessing a number of markets approaching 400 and offering 190 pairs of cryptocurrencies. The Houbi platform is protected by an advanced level of DDoS attenuation and multi-factor authentication; these security measures allow us to provide a reliable and mature cryptocurrency exchange that combines security, convenience, and reliability. Furthermore, it is very easy trading Bitcoins thanks to their app accessible for all smartphones.

The company, in all their work years, occupied 50% of the market; after the Chinese government banned the exchange of Bitcoins in the Chinese market, Houbi suffered heavy losses, forcing itself to reorganize. China is the world’s leading mining and mining equipment market, including large producers like Bitmain. Mining is nothing but the activity that exploits enormous amounts of computational power to solve complex mathematical problems by allowing to certify blockchain transactions by creating a new block of the blockchain itself in exchange for new bitcoins. Furthermore, Beijing has implemented an escalation of measures to prevent the Chinese from buying and selling cryptocurrencies. Local authorities should also prohibit all platforms that offer centralized cryptocurrency trading services, declaring that all national and foreign sites, mobile apps that provide centralized services for Chinese, cryptocurrency payment services platforms and services will be banned. that more generally assist users in moving funds abroad.

This closure has influenced all cryptocurrency companies, but Houbi, as it is based in China, was the…

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