Review on Huobi Argentina by Samantha Beatrice
This exchange isn't a good replica of Huobi Global Exchange
Alot of big exchanges usually have subsidiaries and divisions in other countries that uave verylittle access ti cryptocurrencies and cryptoexchanges, usually this exchange are launched solely for that particular country, say Japan, United States, Argentina or even Korea. One of the big exchanges that I'll be looking at is Huobi Global but because of today's review, I'll center my review on Huobi Argentina.
Huobi Argentina is the Argentine division of Huobi Global which is also powered by Huobi Cloud Technology. Argentina being a country with little crypto adoption/awareness, the number of traders using this exchange are not much. This is evident by going through it Telegram and Twitter account which have less than 160 members or followers.
Huobi Argentina is a spot trading platform that also supports margin trading as well as OTC trading, this exchange supports more than 130 crypto-assets and more than 260 trading pairs, this means that there's supposed to be optimal liquidity on this exchange coupled with the fact that it allows for a 0.2% trading fee for makers and takers. But one would expect that since the exchange had little users, it would have a low trading liquidity but reverse is the case. Since this exchange is part of the Huobi Cloud Technology, it also takes it liquidity from there, this makes the exchange quite liquid. The exchange claims to use two-factor-authentification to secure traders funds. The main question I asked myself about thus exchange was " is this exchange still functional and active?" But after much investigation and research, I was able to come up with a reasonable conclusion. This exchange actually suffers from poor management by the team in charge, its Telegram group had been inactive for some time and even the Twitter account had its last post in August 2020.
My Conclusion on this exchange: Looking at the above written review, I would suggest that you (reader) monitor this exchange before making any moves towards depositing in the exchange.
Pros
- The low fees on this exchange is a good bonus for Argentine traders
- The exchange uses two-factor-authentification to safely secure funds
Cons
- The trading volume provided by the exchange seemed to have been altered by bots
- The trading volume is quite low
- The exchange doesn't seem active anymore
