Exchange news

Huobi Launches Dedicated Crypto Trading App for the Russian MarketHuobi Global, the world's leading digital asset exchange, today released a native mobile app for the Russian market. Available for iOS and Android, Russian users can now access Huobi’s spot market and trade hundreds of digital assets and cryptocurrencies via a simple and intuitive mobile app.As Huobi looks to bolster its presence in emerging markets across the globe, Russia remains one of the company’s key markets in the European region. Russian users already account for 10 percent of Huobi’s total spot trading volume, but Huobi aims to further expand its market share by providing locals with a professional, safe and transparent trading service delivered in a fully-native mobile format.“Despite recent speculation about new crypto regulation in Russia, we’re fully committed to this market and moving full steam ahead to give local users a more intuitive way to buy and trade crypto from their mobile devices,” said Ciara Sun, Vice President, Global Markets at Huobi Group.From the mobile app, users can access a wide variety of trading pairs, including LTC/BTC, ETH/BTC, BCC/BTC, BTC/USDT, etc., and trading methods, such as limit and market orders. The app also provides users with real-time prices, professional candlestick charts, price alerts, expedited fund availability, and 24/7 customer support.The launch of the dedicated mobile app underscores Huobi’s commitment to the Russian market and follows a recent move to consolidate its partner-operated Russian exchange into the broader Huobi Global ecosystem. According to a recent report by crypto research firm Chainalysis, Russia ranks second in the adoption of cryptocurrencies in Eastern Europe, a finding that closely mirrors Huobi’s spot trading activity.Sun added, “Russia is leading the region in terms of crypto adoption, but it still has a long way to go before it reaches mainstream adoption. With a population of over 144 million people, Russia presents a major growth opportunity for Huobi. For 2021 and beyond, we’re aiming to empower 100 million households worldwide to own digital assets and we see Russia playing a crucial role in this vision.”In addition to the mobile app, Huobi has also invested in growing its Russian-language community over the past year. This includes dedicated channels for news, announcements, and company communications on social media platforms like Twitter and messaging apps like Telegram.About HuobiHuobi is the world's leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by liquidity and real-trading volume. Trusted by users over 170 countries, the Huobi platform is dedicated to improving the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, cryptocurrency finance infrastructure solutions, education, data and research, social welfare, investment and incubation, and many more.For more information, visit https://blog.hbg.com/ Huobi Futures Launches Stablecoin Yield Farming Campaign to Nurture Seed Users for Its Upcoming USDT-Margined SwapsTo celebrate the seventh anniversary of Huobi, Huobi Futures now introduces “Huobi Stablecoin Yield Farming: Trade USDT/USD Swaps and Gain 100% Transaction Fee Return”. All transaction fees that the users contributed through trading USDT/USD swaps will be returned to the Makers of USDT/USD swaps in 100%.This campaign will start at 16:00 UTC on September 25 and will end at 15:59:59 UTC on October 2nd.Ciara Sun, Vice President of Huobi Global Markets said that “There are multi-layer perspectives about why Huobi launches this campaign at this time. Stablecoin mining is a great jumpstart for stablecoin holders to gain some returns with manageable risks.1x to 1000x USDT/USD swaps is a brand new market that is not yet available on any other exchange, and the 1x to 1000x leverages are pioneering moves. We hope that this new market will bring in new assets and users, and nurture the seed users for its upcoming USDT-margined perpetual swaps.With the same leverages, Huobi also launches USDT/USD futures with expirations weekly, bi-weekly, quarterly and bi-quarterly a few hours behind its USDT/USD swaps, though the trading volume of USDT/USD futures will not be counted in the campaign this time.The 1x to 1000x leverage will provide great arbitrage space for speculative traders who seek opportunities among USDT/USD price fluctuations.USDT longs and shorts can avoid the risks of price fluctuation by forward and reverse hedging.The USDT/USD trading pair will be available for all users including market makers, VIPs and regular users. Huobi provides 0 fees for makers and only 0.04% fee for taker!”Trading RulesUsers who trade USDT/USD swaps as a Maker during the campaign period will be automatically considered as participants of this yield mining campaign. The reward fees of a user will be available for collection due to his/her USDT/USD trading volume proportion of the overall platform trading volume.The more the Maker trades, the more mining reward the user will receive. (Note: A Maker transaction refers to placing a limit order which does not instantly be filled with the open orders in the order book; therefore, the order will be placed in the order book and wait to be filled. A Maker order can only be finalized after a fully complete transaction.)Mining Reward= *Current-day all transaction fees collected by the platform from USDT/USD swaps tradingNote: All users (including Liquidity Providers, VIP clients and common users) shall enjoy the same fee rate when trading USDT/USD swaps on Huobi Futures, which is 0% for maker and 0.04% for taker.Reminder:1. The recording time of daily mining is from 16:00:00 to 15:59:59 (UTC).Sub-accounts shall not participate in this event as independent accounts; the trading volume of a sub-account can be counted into its main account; Huobi APP will not display mining rewards of sub-accounts on the activity page.Users can view their mining awards at Huobi APP: open Huobi APP, click [Mining] and enter into the activity page to check mining awards. Download APP: https://m.huobi.fm/zh-en/download.Daily mining awards will be distributed in USDT and the reward will be calculated to 4 decimal places. The exceedances will be truncated and the reward below 0.01 USDT will not be issued.Daily mining awards will be announced and delivered to users’ perpetual swaps account in the following day. Please kindly note the email or SMS notification.The expenses of this event are all derived from the transaction fees of USDT/USD swaps, therefore this trading pair is not included in Huobi Invitation Program.The final interpretation right of this event belongs to Huobi Futures. ⓒ 4차산업혁명의 중심기술 블록체인밸리(Blockchain Valley), 블록타임스TV