Review on Huobi Global by Viet Pham
Binance's counterpart in China is Huobi exchange
Huobi is one of the reputable and long-standing exchanges, originating from China, established in 2013, Huobi is funded by many large funds.
It supports trading a wide range of tokens and coins, escrow support, derivative transactions, along with ecosystems including local exchanges.
The downside of Huobi is that the transaction fee is quite high compared to Binance, but Huobi has the advantage over Binance because it has not been hacked and is closer to the Chinese government.
Pros
- Large trading volume, high liquidity
- Customer service is quite good, support derivative transactions, margin for professional traders
- Supported by large funds, and licensed to operate in the Chinese government
- Support multiple tokens and coins
Cons
- high transaction fee 0.2%
- Still mainly concentrated in the Chinese market
