Huobi Pool, the mining wing of the Huobi Group, is reportedly launching an EOS exchange in a few weeks’ time.
“As an EOS supernode, Huobi Pool has placed its ecological development high on its list of priorities,” said Cao Fei, Huobi Pool's CEO. “Launching this EOS exchange is simply the next logical step in our support.”
The EOS exchange will reportedly permit users to trade EOS against a number of other cryptocurrencies. Huobi Pool has been working closely with the EOS community since the business's launch earlier this year.
In 2018, it co-operated with other block producers to build an EOS test chain, the Crypto Kylin Testnet, where EOS-based projects can be tested. Huobi Pool also developed a voting platform for EOS holders and set up an EOS community to make holders more aware of node elections.
This past spring, Huobi announced it was eyeing offices in London after starting its pivot beyond from China late last year. Days after that declaration, the cryptocurrency group poached former OKEx CEO Chris Lee with a mind toward international growth.
Earlier this week BitcoinExchangeGuide had reported Huuobi’s derivative market has added support for EOS. Traders can take both short and long positions using the EOS tokens. Huobi took this decision as a way to address the demands of the clients, which wanted more markets to invest in and EOS is a good asset.
Users will be able to use contracts to purchase and sell EOS at predetermined prices in the future, which lets they bet on the market and benefit (or lose) from the trends.