Huobi Korea, a subsidiary of the Beijing-based crypto trading service provider Huobi, announced that it has officially launched on March 30. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error.
According to reports, Huobi Korea will list 100 coins and 208 markets (33 USDT markets, 98 BTC markets, 77 ETH markets). The exchange stated that it stores 98% of its customer assets in cold wallets. Furthermore, the exchange’s internal access procedure has been strengthened, according to the publication. “In order to open the repository, we have added security to complex procedures that require multiple people to authenticate together,”
An official of the exchange explained,
“We are also creating an investor protection fund and run an investor protection program to immediately compensate for losses that are not investor error.”
The supported cryptocurrencies, according to Huobi, include:
- DATUM (DAT),
- DeepBrain Chain (DBC),
- DigixDAO (DGD),
- Data (DTA),
- EduCoin (EDU)
- ArcBlock (ABT)
- AChain (ACT)
- AdEx (ADX)
- AI Doctor (AIDOC)
- App Coins (APPC)
- AirSwap (AST)
- BatCoin (BAT)
- BitcoinDiamond (BCD)
- Bitcoin Cash (BCH)
- Bitcoin X (BCX)
- Bitcoin File (BIFI)
- Bluezelle (BLZ)
- Bitcoin (BTC)
- BitcoinGold (BTG)
- BitMark (BTM)
- ChatCoin (CHAT)
- CyberMiles (CMT)
- CaterCoin (CTXC)
- Civic (CVC)
- ChainLink (LINK)
- Lisk (LSK)
- Litecoin (LTC)
- Lunyr (LUN)
- Decentraland (MANA)
- Monaco (MCO)
- MediShares (MDS)
- ICC Coin (ICC)
- IOSToken (IOST)
- Iota of China (ITC)
- ITO (ITO)
- EchoLink (EKO)
- Elastos (ELA)
- aelf (ELF)
- Enigma (ENG)
- EOS (EOS)
- Ethereum Classic (ETC)
- Ethereum (ETH)
- Event Chain (EVX)
- Gas (GAS)
- Golem (GNT)
- Genaro Network (GNX)
- Military PayCoin (MTP)
- Metal (MTL)
- MedicalChain (MTN)
- Matryx (MTX)
- Nebulas (NAS)
- NEO (NEO)
- Odyssey (OCN)
- OmiseGo (OMG)
- Ontology (ONT)
- OST (OST)
- TenX (PAY)
- Power Ledger (POWR)
- Propy (PRO)
- QASH (QASH)
- QuantStamp (QSP)
- Qtum (QTUM)
- QunQun (QUN)
- Ripio Credit Network (RCN)
- Raiden Network (RDN)
- Request Network (REQ)
- Red Pulse (RPX)
- Ruff (RUFF)
- SALT (SALT)
- Super Bitcoin (SBTC)
- Smart Mesh (SMT)
- SunContract (SNC,
- Status (SNT)
- All Sports (SOC)
- Sirin Labs (SRN)
- StakeCoin (STK)
- Storj (STORJ)
- Swftcoin (SWFTC)
- Theta Token (THETA)
- Time New Bank (TNB)
- Tierion (TNT)
- TopChain (TOPC)
- Tron (TRX)
- Tether (USDT)
- UTRUST (UTK)
- VeChain (VEN)
- WAX (WAX)
- Waykichain (WICC)
- WePower (WPR)
- NEM (XEM)
- Ripple (XRP)
- YEE (YEE)
- ZCash (ZEC)
- Zilliqa (ZIL)
- Zilla (ZLA)
- 0x (ZRX)
As for the Korean won trading, Huobi Korea wrote, “the KRW market is in the process of being prepared and will be available soon.” The lack of won trading is likely due to the South Korean regulation which enforced the real-name system at the end of January.
An official from Huobi Korea quoted,
“We are concentrating our ability to prepare for the rapid opening of the Korean won market…All employees will work hard to provide safer and more stable trading services.”
Huobi is currently the third largest crypto exchange globally with a 24-hour trading volume of $1.32 billion at the time of this writing. South Korea’s largest exchange is the Kakao-backed Upbit with a trading volume of $745 million during the same time period.
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