Ratings
Huobi is a centralized cryptocurrency exchange with roots in China, has come a long way since its inception in 2013. It has weathered the storms of regulatory crackdowns, market volatility, and fierce competition to emerge as a top contender in the global crypto space. Founded by Leon Li in Beijing, Huobi started as a Bitcoin exchange but quickly expanded its offerings to include other cryptocurrencies and digital assets. It rode the wave of the 2017 crypto boom, amassing millions of users and billions of dollars in trading volume. However, China’s regulatory crackdown on crypto in 2017 forced Huobi to shift its operations overseas, setting up shop in Singapore and other crypto-friendly jurisdictions.
Huobi’s journey has been marked by its constant adaptation to the ever-evolving regulatory landscape. It has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with international regulations and prevent illegal activities on its platform. In 2020, Huobi faced a significant setback when the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned one of its subsidiaries for allegedly facilitating money laundering for Venezuelan narcotics trafficking. Huobi quickly severed ties with the subsidiary and took steps to strengthen its compliance measures. Despite the challenges, Huobi has remained at the forefront of innovation in the crypto space. It has launched its own blockchain platform, Huobi Chain, and invested in various DeFi and NFT projects. Huobi has also expanded its offerings beyond trading, providing services such as staking, margin lending, and over-the-counter (OTC) trading.
Today, Huobi stands as a major player in the global crypto exchange market, with millions of users and billions of dollars in daily trading volume. However, the exchange still faces challenges. The ongoing regulatory uncertainty in many countries could hinder its growth, and competition from other established exchanges remains fierce. Despite these challenges, Huobi’s commitment to innovation, compliance, and building a comprehensive crypto ecosystem positions it well for the future. As the crypto industry continues to evolve, Huobi is likely to remain a key player shaping its trajectory.
Huobi’s Products:
Buy crypto
Buy cryptos with Visa, Mastercard, fiat currencies and P2P at a low fee
Spot Trading
Seize trading opportunities with advanced tools in Spot Markets
Earn
Futures
Wallet
Copy Trading
Trading Bot
Houbi’s Diversified Services:
Web 3.0
Huobi’s Web3.0 features unlock a decentralized future, empowering users with on-chain governance, DAO participation, and seamless DeFi integration. Manage your crypto assets, access dApps, and fuel Web3 innovation, all within the secure and familiar Huobi platform. It empowers users to unlock the full potential of their digital assets, beyond just buying and selling. Huobi’s native blockchain, Huobi Chain, powers DeFi apps, NFT marketplaces, and DAO governance, letting users truly own their crypto and shape the platform’s direction.
Rewards Hub
Huobi’s Rewards Hub is your crypto loyalty program on steroids. Earn HT tokens, the exchange’s native currency, for simply trading, holding assets, and inviting friends. Level up to unlock higher rewards, participate in exclusive events, and enjoy fee discounts. It’s a win-win, fueling your crypto journey with every click and trade. Complete the currently listed tasks to win up to 241 $USDT now.
Prime Membership
Huobi’s Prime Membership unlocks a VIP crypto trading experience. Score rock-bottom fees, as low as 0.0126% for spot and 0.01% rebates on derivatives. Climb 12 levels, each offering sweeter deals, based on 30-day trading volume or holding native HTX tokens. Unlock exclusive perks like priority customer service and airdrops. Optimize your crypto journey with Huobi Prime – trade smarter, earn more.
Community
Huobi’s vibrant community ignites crypto passion. From Telegram groups buzzing with market insights to Reddit forums debating the next moon shot, Huobi connects enthusiasts globally. Dive into AMAs with industry leaders, learn from expert tutorials, and share strategies with fellow traders. This interactive hub fosters a sense of belonging, empowering newbies and veterans alike to navigate the crypto cosmos together. Huobi’s community is more than just a platform; it’s a pulse, a shared journey, and the beating heart of the exchange.
Pros
Supports hundreds of cryptocurrencies
24/7 live chat support
Offers educational content
Offers numerous crypto products and services
High liquidity for multiple crypto trading pairs
Cons
Not regulated
Not available to US citizens
Has been accused of wash trading
