Huobi Group is bullish on EOS, set to launch EOS exchange

Huobi Pool, a cryptocurrency mining arm of Huobi Group, set to launch EOS only exchange, according to the latest announcement.

EOSIO blockchain platform that allows vertical and horizontal scaling of decentralized applications. It claims to scale to millions of transactions per second with zero user fees. Block.one is building the EOSIO Software. EOS is a cryptocurrency on EOSIO blockchain platform.

The will be launched new EOS exchange will trade a number of other cryptocurrencies against EOS. Notably after EOS's launch in 2017, its price has fluctuated between $18 and less than $0.80

Recently Huobi DM (Derivative Market) has started contract trading services to include EOS allowing traders can take long and short positions on EOS for arbitrage, speculation, and hedging. Huobi DM also offers cryptocurrency contracts for Bitcoin (BTC) and Ethereum (ETH). The contract frequency is weekly, bi-weekly, and quarterly.

EOS and Huobi Pool working with EOS community for quite some time now. In 2018, Huobi Pool collaborated to build EOS test chain, the Crypto Kylin Testnet, allowing testing of EOS based projects.

Huobi Pool developed a video series called "EOS 20 Questions" for EOS knowledge sharing and also created a voting platform for EOS holders. It also set up an EOS community to make holders more aware of node elections.


However, controversy erupted a few months back when ConsenSys commissioned a thorough benchmarking of EOS through a firm known as Whiteblock and claimed that EOS may not be a blockchain at all but rather a cloud service designed for computation built on a centralized premise.

Executive Opinion:

Huobi Global CEO Livio Weng, said, "Huobi DM can be a powerful tool in managing risk in EOS and other cryptocurrencies. That's an important factor when dealing with bear markets, such as the one we find ourselves in now."

"As an EOS supernode, Huobi Pool has placed its ecological development high on its list of priorities. Launching this EOS exchange is simply the next logical step in our support", Weng added further.

ConsenSys is promotor of Ethereum platform, a competitor of EOS blockchain platform.