The Huobi Group's cryptocurrency mining arm of Huobi Pool, will launch its first trade within the first quarter of 2019. The trade shall be one among a sort in that it is going to be absolutely devoted to EOS (EOS).
Cao Fei, Huobi Pool's CEO, had this to say about their new enterprise:
As an EOS tremendous node, Huobi Pool has positioned its ecological growth excessive on its checklist of priorities.
Launching this EOS trade is solely the subsequent logical step in our assist.
The way it Will Work and Huobi Pool's Efforts within the EOS Ecosystem
In line with the workforce at Huobi, the brand new trade will permit customers to commerce EOS in opposition to a number of different cryptocurrencies. The plans to launch the trade come after Huobi Pool's collaboration with the EOS group and EOS block producers to construct an EOS take a look at chain the place EOS-based tasks could be examined. This take a look at chain is called the Crypto Kylin Testnet.
Huobi Pool has additionally developed a voting platform for the EOS group. It has additionally spearheaded efforts of constructing EOS holders extra conscious of node elections.
EOS' Market Efficiency
Additional coinmarketcap.com, we discover that EOS is at present ranked fifth with a complete market cap of $2.four Billion. It's at present buying and selling at $2.61 and down lower than a proportion level within the final 24 hours. With the brand new 12 months only some hours away, there may be renewed optimism that 2019 is perhaps the 12 months the crypto markets backside out of the present bear market.
What are your ideas on Huobi launching a crypto trade devoted to the EOS community? Please tell us within the remark part under.
Disclaimer: This text will not be meant to present monetary recommendation. Any further opinion herein is only the creator’s and doesn't characterize the opinion of Ethereum World Information or any of its different writers. Please perform your personal analysis earlier than investing in any of the quite a few cryptocurrencies out there. Thanks.
The submit Huobi Group To Launch a One of a Kind Exchange Dedicated to EOS appeared first on Ethereum World News.