Beijing-Based Huobi Crypto Exchange Officially Launched in South Korea

A Beijing-born Huobi crypto exchange has officially launched in South Korea. The platform supports the trading of 100 altcoins and 208 markets. It is also setting up an investor protection fund to pay damages that are not investor error.

Huobi is a cryptocurrency trading platform and exchange based in Beijing, China. The trading platform was founded in the month of September 2013. Recently, Huobi announced its plan to move into Japan and South Korea. It has partnered with one of Japan’s largest financial institution, SBI Group to do so.

But later in the month of March, SBI Group has determined to halt the business with collaboration with Huobi.

According to the Houbi Group’s official announcement March 30, Houbi is currently providing a trading platform of about 100 altcoins and 208 markets in South Korea.  Besides, the trading platform has an investor guard program for any destruction which is not causing by the investor.

Therefore, Huobi, a notable crypto exchange in China initiated seeking new floor after china strengthened a crackdown on cryptocurrencies and cryptocurrencies exchanges.

The altcoins that Huobi South Korea has already listed are:

DAT, DBC, DGD, DTA, EDU, ABT, ACT, ADX, AIDOC, APPC, AST, BAT, BCD, BCH, BCX, BIFI, BLZ, BTC, BTG, BTM, CHAT, CMT, CTXC, CVC, LINK, LSK, LTC, LUN, MANA, MCO, MDS, ICC, IOST, ITC, ICC, IOST, ITO, EKO, ELA, ELF, ENG, EOS, ETC, ETH, EVX, GAS, GNT, GNX, MTP, MTL, MTN, MTX, NAS, NEO, OCN, OMG, ONT, OST, PAY, POWR, PROPY, QASH, QSP, QTUM, QUN, RCN, RDN, REQ, RPX, RUFF, SALT, SBTC, SMT, SNC, SNT, SOC, SRN, STK, STORJ, SWFTC, THETA, TNB, TNT, TOPC, TRX, USDT, UTK, VEN, WAX, WICC, WPR, XEM, XRP, YEE, ZEC, ZIL, ZLA, and ZRX.

Moreover, the Huobi exchange also promised to include more cryptocurrencies to the list. Before banning cryptocurrency exchanges, Huobi was one the leading cryptocurrency exchanges platform in China.  Presently, the company has based in six countries- USA, Singapore, Japan, Hong Kong, Korea and China.

Share your opinions on how well Houbi supports the crypto trading market. Let’s get connected on Twitter and Telegram.

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Oliver A

Oliver is a content marketer who is actively engaging with latest trends in the financial market. He is a writer by day ad a reader by night.

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