Description of Huobi Global
What Is Huobi Global?
Huobi Global is an international digital asset exchange with a presence in over 100 countries. Founded in China in 2013, the platform works with global clients and provides trading and investment services to users around the world, handling over $4 billion in daily trading volume.
The centralized exchange (CEX) supports initial coin offering (ICO) tokens and offers an extensive list of cryptocurrencies, with over 500 assets and 300 trading pairs listed on the platform. An insurance policy is available for users to protect their assets, and there is also 24/7 access to several channels for contacting the support service.
The ecosystem includes spot trading, margin trading, futures trading, derivatives trading, staking, crypto loans and more. Active traders and investors have the opportunity to enter OTC trading platforms and gain access to custom trading instruments.
Who Are the Huobi Global Founders?
The exchange was created in 2013 by Leon Li in Beijing. Leon Li is the CEO who graduated from Tsinghua University in 2013 with a degree in Automation. Prior to Huobi Global, Li worked as a computer engineer at Oracle Corporation, one of the largest US-based software companies.
Where Is Huobi Global Located?
The company is based in Seychelles, with offices in Hong Kong, South Korea, Japan and the United States.
Huobi Global Restricted Countries
Users from the following countries are not allowed to access all services provided by Huobi Global: China, United States, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore and Crimea.
Derivatives trading is prohibited for users from these countries: Mainland China, Taiwan, Hong Kong, Israel, Iraq, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Sevastopol, Spain, United Kingdom (retail users only) and New Zealand.
Users in Japan can access Huobi Japan, while the company has announced plans to re-enter the U.S. market.
What Coins Are Supported on Huobi Global?
More than 400 digital currencies and tokens are available on the exchange, including the most popular ones: BTC, DOGE, ETH, LTC, XMR, HT, HUSD, USDT.
As of August 2022, supported fiat currencies include ALL, BGN, CHF, CZK, DKK, EUR, GBP, HRK, HUF, MDL, MKD, NOK, PLN, RON, SEK, TRY, UAH, HKD, AUD and USD.
How Much Are Huobi Global Fees?
Huobi has a tiered fee structure, so trading fees depend on the monthly trading volume for each user. The platform charges a base maker and taker fee of 0.2%, the fee is reduced after the first $5 million of trading, and Huobi Token (HT) holders have a discount. For professional traders, the maker fee starts at 0.0362% and the taker fee starts at 0.0462%.
Is It Possible To Use Leverage or Margin Trading on Huobi Global?
Margin trading is available on the platform for various cryptocurrencies, which allows users to borrow funds to trade with leverage up to 3X for cross margin. Interest rates are calculated on an hourly basis.
Users can also trade crypto futures for Bitcoin and Ethereum contracts, with leverage of up to 200X.