Huobi is one of the largest cryptocurrency exchanges based in Singapore. Having initially started operations in Beijing, the company then relocated to Singapore in 2020 following the Chinese government’s ban on ICOs and fiat-to-crypto trading. Huobi then established offices in various parts of the world such as Hong Kong, the USA, South Korea and began exploring cryptocurrency markets in Japan.
Huobi features and functionalities
Huobi is much more than just a cryptocurrency exchange platform. It offers a wide range of features for its registered users.
- Easy user interface: Like many other exchange platforms, Huobi’s website is easy to navigate and offers a perfect balance between functionality, aesthetics and elegance.
- Multiple order types: Huobi offers different order types such as limit, market and stop limit orders.
- Trade Flash: One of Huobi’s most exciting features, embodying an order book, chart index and market chart. Flash Trade allows users to test trading volume in real time, particularly during periods of high volatility.
- Multi-platform compatibility: The Huobi platform is compatible with several platforms, including Mac, Windows, iOS and Android.
- Enhanced security: Huobi’s security measures are robust, and include several security mechanisms to protect user accounts, such as two-factor authentication.
- Responsive customer service: Huobi’s customer service responds quickly to customer issues. It’s also easy to contact the customer service team.
Huobi services
In addition to its functionalities, Huobi also offers a number of services to its users.
- Extensive list of trading pairs: Like many other exchange platforms, Huobi offers an extensive list of cryptocurrencies available for exchange.
- User Protection Fund: Similar to the SAFU insurance policy offered by Binance, Huobi channels its profits into its “User Protection Fund”, which is a kind of insurance policy to cover theft, hacking or other unforeseen events that could affect users’ wallets.
- Margin trading and derivatives: Huobi has launched its own derivatives products for the Swap trading and Futures markets.
- Institutional trading accounts: Huobi has attracted institutional investors and traders from all over the world. To meet their needs, Huobi has launched a separate trading desk involving both OTC (Over-the-counter) and dark pool trading.
- Smart-Chain analysis: Smart-Chain analysis is a very useful feature offered on the Huobi platform. It provides users with information on various blockchain assets and over 50 different trading indicators.
- Huobi API: Huobi global allows users to program their crypto trading bots via the Huobi API key or REST API.
In conclusion, Huobi is a leading cryptocurrency exchange offering a plethora of features and services to its users. Whether you’re a beginner or an experienced trader, Huobi has something to offer everyone.
