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The major crypto exchange Huobi Global to launch a new sub division in Canada

Rajath Kumar



The major crypto exchange Huobi Global to launch a new sub division in Canada
Source: Wikimedia Commons

Major cryptocurrency exchange Huobi Global recently announced that it has plans to expand to the Canadian market with a fully functional office in Toronto around November or December.

Houbi Global is one of the leading cryptocurrency financial service group. The company established in 2013 which aims at making the financial industry more accessible to everyone. The company aims to provide a safe, professional, trustworthy, and world-class service to its clients. Houbi ranks as the worlds third-largest cryptocurrency exchange with a daily volume of $1.7 billion across 208 markets. It is located in over 130 countries.

The firm’s expansion into Cannada marks the company’s second move into North America this year after setting up operations in San Francisco and it comes just weeks after Houbi announced about the upcoming European operations with an office in London. The firm stated that it noted the peer-to-peer cryptocurrency trading had surged in the country despite hostility from the domestic banks.

Besides the cryptocurrency exchange, Huobi Capital’s investment funding, Huobi’s Ecofund and Huobi Lab’s consulting services will be available to Canadian blockchain startups to encourage innovative solutions and accelerate adoption.

Houbi chose to add Cannada to its growing base of operations for its favorable regulatory environment and its policy maker’s dedication to fostering a safe trading environment for investors.

Ross Zhang, General Manager of Houbi Cannada says:

“Cannada is emerging as a leading blockchain nation, and Toronto is set to become one of the most active blockchain hubs across North America. Entering the Canadian market will help support Houbi to become the leader in blockchain and cryptocurrency innovation.”

Earlier this week, Houbi Labs announced that it signed a business partnership with Tianya Community to establish $1 billion blockchain fund in China’s Hainan province.

Zhang further states:

“We look forward to working with regulatory bodies to help the blockchain asset market become more credible so that mass adoption can come sooner. Establishing Huobi’s first Canadian offices in Toronto is a continued effort to help the blockchain industry become more credible so that mass adoption can come sooner.”

Zang also says:

“We want to build a strong ecosystem. We want to make the ecosystem bigger and stronger for this industry.”

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Rajath Kumar is an intern at AMBCrypto. He became aware of the crypto-world through gaming and has been a part of it for two years now. Rajath does not hold any value in any cryptocurrencies or its projects.

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Binance sees ‘higher number of orders’ than peak Bitcoin frenzy of 2017; hints at iOS app for Binance




Binance exchange is seeing 'higher order number of orders' than peak Bitcoin frenzy of 2017; suggests iOS app for Binance
Source: Unsplash

Binance exchange, the world’s largest cryptocurrency exchange by trading volume, was reported to have problems with a couple of users since there was too much load on the exchange, especially with Web, PC, APP.

CZ tweeted:

He also added that there was much “Higher load” than 2017 when Bitcoin reached its all-time high since inception. Moreover, CZ also said that the APIs for the exchange were working fine and that the team was working on fixing the other issues.

In addition, CZ clarified his tweet about “higher load” as he tweeted:

However, at press time, Binance was the second largest exchange in the whole of crypto space, according to CoinMarketCap, with an adjusted 24-hour trading volume of $2.3 billion. Moreover, as per CMC, the 24-hour change in the trading volume for Binance decreased by 25.78%.

Moreover, Coingecko platform reported that Binance was the largest in terms of the trading volume; it had a normalized 24-hour trading volume of $1.36 billion and $2.38 billion adjusted trading volume.

Although the exchange was hacked a few weeks ago costing it 7000 BTC [now worth $55 million] the exchange, according to CZ, has been performing well enough.

A Twitter user @Khaleed_kareem0, commented:

“Sir, You need bigger servers for this heavy traffic like FB and google, also need to avail the app officially on the App store and update the IOS version All the support for U @binance”

CZ replied to him hinting that they were working with Apple to release an iOS version of the app.

“working with Apple on that one. crypto apps are tricky, it seems.”

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