Huobi, the Singapore cryptocurrency exchange, published a statement about a one hundred percent increase in tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details volume in 2018 compared to 2017, as reported by the CoinTelegraph news agency.
On February 7, the Huobi crypto-exchanger website (with headquarters in Singapore) published a report that in 2018 the company increased its trading volume by 100% compared to 2017. The information was published immediately after an analytical study of trades and platform profitability in the fourth quarter of 2018, which officially ended about a week ago.
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Growth on the Huobi cryptocurrency exchange
One of the largest crypto-exchangers in Singapore, the Huobi online exchange, is growing steadily. Huobi CEO Leon Li commented on the increase in company profits: "We became one of the most popular platforms (...) We expanded our staff from 400 people in early 2018 to more than 1,300 people by 2019 (...) with 15 offices in 12 countries and regions."
According to the information, Huobi's over-the-counter "cash desk" has become one of the best-selling OTC platforms in the world. At the same time, the recently launched Huobi Cloud service has entered into more than 100 partnerships over the past six months.
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Recall that Huobi Cloud, was officially launched in July 2018. The service platform is an open platform that allows you to create your own unique exchangers of digital assets. The service platform is mainly used for the organization of over-the-counter exchange and small operations of the exchange of crypto-assets.
Huobi crypto-exchange announced a 100% growth in 2018. In addition, the company also noted its progress in crypto-markets in the USA, Japan and South Korea.
Editor: Yulia Krasnaya