Review on Huobi Global by Quan Lieu

Name: Huobi Global
Item: Huobi Global
Rating: 4

September 20, 2018

If your bitcoins are stored on trading platforms that do not support the…

If your bitcoins are stored on trading platforms that do not support the Segwit2x chain split coins, or you are using wallet without anti-replay attack function, we strongly suggest you deposit bitcoins to Huobi Pro and we will handle all resulting technical issues related to the bitcoin Segwit2x hard fork and reward you with the corresponding digital asset,” Houbi Pro tells its customers.
The company also emphasizes that digital assets are risky and come with price volatility. Split tokens being new are subject to extreme price swings and could become worthless, Huobi states. “Before investing, please have a full understanding of all the risks of investing in digital assets and be prudent of your own investment decisions,” the digital asset exchange notes. 
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Pros

However, Huobi does have plans for how it will handle the fork before, during and after the proposed consensus change. The exchange is offering futures as Huobi Pro plans to list BT1/BTC and BT2/BTC trading pairs at 12:00 PM, (GMT+8) on October 19. With the hard fork taking place in mid-November at block height 494784, Huobi details it will be suspending deposits and withdrawals for a period of up to three days. The exchange says this is to ensure risks such as replay attacks and network instability do not effect its user base. “Huobi Pro will enable BT1 and BT2 deposit and withdrawal services soon after the hard fork,” explains the exchange. Huobi Pro will introduce Segwit2x futures on October 19. At block height 494784, Huobi also details it will be suspending deposits and withdrawals for a period of up to three days.

Cons

Further, if the hard fork is successful Huobi plans to rename the new chain split coin and reward customers with that token at a ratio of 1:1. The platform will then resume trading pairs against BTC, and the chain split token will also be paired with BTC. If the fork fails, Huobi will cease actively trading BT1 and BT2 futures tokens.