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Huobi officially lists Monero [XMR], launched on Huobi Pro

Prerana Sarkar



Huobi officially lists Monero [XMR], launched on Huobi Pro
Source: Pixabay

Monero [XMR] is officially listed on Huobi Pro, one of the leading digital asset exchanges that is prevalent in over 130 countries today. The deposits have already stated on Huobi Pro from June 7th.

Trading of XMR/BTC and XMR/ETH shall be available at the Main Zone from 4:00 P.M on June 8th, 2018. Monero being a private and secure platform for transactions do not allow any third-party interference. In other words, users will not be able to track your activity or check on your balances.

The Monero platform uses cryptography to provide the benefits of obfuscating the process of sending and receiving addresses, as well as transactions, without any mainstream privacy modifications. It allows faster transactions that are confirmed by distributed consensus and are recorded on the blockchain, meaning, it is regulated by several digital asset users together.

Huobi Pro's Twitter announcement

Huobi Pro’s Twitter announcement

Withdrawals on Huobi Pro will be conducted from June 10th, 4:00 P.M onwards. It is very well noted that investing in digital assets comes with higher risks because of the greater market fluctuations, and therefore, the Monero blockchain promises its users with transactions that cannot be linked to one particular user. as a website aims to make the financial industry more efficient and transactions more accessible to everyone.

Unlike Ethereum and Bitcoin, the Monero community does not have a transparent blockchain and is funded through community donations. It is free and is not constricted by any legal authority with an overall supply of $16.107 million. XMR has witnessed an upsurge of 6.54% in the past seven days, at the time of writing.

Monero recently tweeted:

“Huobi officially lists”

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Prerana Sarkar is a part of AMBCrypto's News Reporting Team from January 2018. She is a Journalism major from Mount Carmel with two years of writing experience in Bitcoin and Blockchain related articles. Prerana does not hold any value in cryptocurrency or its projects