1 Level
6 Review
4 Karma
Review on Huobi Global by Ellie Clements
LABS: This is a consultancy service for blockchain start-ups; this service has…
LABS: This is a consultancy service for blockchain start-ups; this service has a lot of subsections including designing business models, tutoring the development team, and developing big-ticket strategic plans.
Huobi Mining Pool: As a robust platform, this network provides its own pool that’ll make mining easier.
Pros
- the way this is done at Huobi is a bit unusual. One can borrow coins only for a specific trading pair, a fee is charged every 24 hours and the maximum leverage ratio isn’t disclosed anywhere. Apparently your initial margin has to be in the same coin you are borrowing (which is understandable) and the lowest borrowing rate is 0.1%. Here is a snapshot of the lending screen for BTC/USDT:
Cons
- Focus on Asian markets – Huobi used to be entirely oriented towards China, even accepting Yuan deposits directly and offering trading against the local currency. The legal developments in the country forced them to change their strategy, but they are predominantly targeting Southeast Asia.
