Huobi, a cryptocurrency trading and exchange platform is officially launched in South Korea. The Chinese digital currency trading platform based in Beijing is currently providing a trading platform of about 100 cryptocurrencies and 208 markets in South Korea. In addition, the platform has an investor protection fund for any damages which are not caused by the investor.
The cryptocurrencies that are supported by Huobi for the South Korean market includes coins such as Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], Ripple [XRP], Tron [TRX], Gas [GAS], Qtum [QTUM], NEO [NEO], NEM [XEM], Bitcoin Cash [BCH], Lisk [LSK], EOS [EOS], VeChain [VEN], Ethereum Classic [ETC], OmiseGo [OMG], Bytom [BTM] and many more.
Huobi was one of the largest cryptocurrency exchange platforms in China before the ban along with OKCoin and BTCC. On 25 February 2014, Huobi claimed to have traded 380,000 BTC daily. The exchange platform is even set to launch in the U.S.
Young Jun, a cryptocurrency enthusiast says:
“I’ve been waiting for this for a long time. They were doing a brilliant job in the China market, hopefully, they’ll do the same here.”
Liam Kent, a BTC investor, and crypto-enthusiast says:
“This is a wonderful news. They got all the big countries in. Crypto to moon soon!”
Miyan, a Twitterati says:
“Very nice project this is”
Crypto 18, an IOST & CMT investor says:
“Follow the pro!”
According to Huobi Korea official website, the Won Trading market is yet to be ready. The lack of won trading is likely due to the South Korean regulation which enforced the real-name system at the end of January to avoid piracy. The exchange platform is concentrating on providing safer and stable trading services for the rapid opening of the Korean Won market.
In addition, Huobi provides professional services such as charts, real-time arcade windows, and APIs. Its multiple parallel matching technologies can handle up to 2 million orders per second. The global exchange platform links Korea, China, Hong-Kong, Singapore, Japan and, the United States.
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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.
Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.
In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.
According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,
Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.
Cobra replied to the tweet stating,
“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”
Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,
“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”
Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,
“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”
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