Singapore-based digital currency exchange, Huobi, recently added Bitcoin SV to its trading pair portfolio. The firm also posted an opinion poll on twitter asking whether Bitcoin SV is the real BTC; over 30% of the participants believe it is!
— HuobiGlobal 🌏 (@HuobiGlobal) November 14, 2019
Huobi has largely dominated Asia’s crypto market space especially with the tight regulations in China. The platform’s strong transactional volume has made Huobi stand out in the crypto exchange business. Bitcoin SV will now add to these numbers following the green light to trade against Huobi’s stable token ‘HUSD’.
The HUSD stablecoin is a relaunch by Huobi; they redesigned the token to be ERC2O compliant earlier on in 2019. Initially, the dollar-pegged HUSD was not and ERC-20 token and had operated with this structure since it was pioneered in 2018.
Bitcoin SV Pair Prospects on Huobi Exchange
The twitter poll by Huobi revealed that Craig Wright’s Bitcoin SV has quite a following on the platform. A third of the responses supported that Bitcoin SV might be the real Bitcoin; this is around 850 people according to the total number of participants.
However, stats from similarweb show that most of the traffic on Huobi exchange is fueled by the Chinese market. It, therefore, follows that the twitter poll not have captured the real market given China has banned twitter for its citizens.
Bitcoin SV’s market cap currently stands at 2.2 billion; this is a drop in the ocean compared to Bitcoin’s market share. Back in August, OKEx, a leading crypto exchange featured Bitcoin SV futures settlement as well as Ethereum’s. The digital coin has become popular over time and is expected to grow by stakeholders in the Bitcoin SV community and crypto exchanges like Huobi.