Review on Huobi Korea by John OLORUNFEMI
Review on Huboi Korea by John
Base on recent report concerning China’s breakdown on crypto currency trading, the Huobi korea trading has introduce a new restrictions on it website.
According to sources from a chinese reporter, "the leverage margin for users has been reduced 5 times from chinese user's in China, which has affected the growth of the crypto in the country and reduced it previous margin drastically which was about 125 times before."
Also the "regulatory system in change of exchange stopped new customers interested in china from trading on it platform which affected it crypto exchange in the country".
According to the statistics of the exchange data from " coingecko", the exchange rate of Huobi entered "$2.9 billion in it volume trade rank in 24 hours, which is third, with binance leading with about $6.6 billion in it volume transcation".
Huobi is also facing tough issues "other Asian Countries are presently based on their country's regulatory bodies example are South Korea, it was also reported that Huobi Korea has stopped it trading in it native Country south Korea due to security informations".
Pros
- The exchange platform is now growing in volume trade
Cons
- Asian countries are taking regulatory action on the platform
