Huobi Debuts A Decentralized EOS-Based Exchange With BTC, ETH And USDT Pairing Against EOS


EOS is one of the smart contract development platforms that can threaten Ethereum’s hegemony in the industry. It can efficiently host smart contracts like Ethereum but it is cheaper, more scalable and faster than Ethereum making it an ideal choice for new developers. Even with the declining prices, the EOS network is still one of the strongest in the ecosystem. Per development and milestones, EOS is making progress. It is no wonder Huobi, the cryptocurrency exchange, launched an EOS based cryptocurrency platform.


Huobi Launches EOS Based Cryptocurrency Exchange


Starting the year off with a major achievement for EOS, Huobi announced that its EOS-based cryptocurrency exchange is ready for launch. The beta version of the platform is now ready. The announcement by the exchange was as follows:“The Coin EOS platform was put into trial operation on the 11th of January 2019. Open coin transactions will be available during this trial phase for EOS/ETH, EOS/BTC, and EOS/USDT pairs.

After some time, other pairs will be reviewed and enabled. Currently, the designated assets in EOS Exchange and Coin Global are EOS, ETH, BTC, and USDT. They are interoperable through the internal coin transfer operation. Users must be on EOS Exchange as internal coin operation will only be possible after the account is activated. These internal coin transfer operation is free of charge.”


EOS Price Today – EOS / USD
NamePrice
eos
EOS
$2.671.33%


The EOS exchange is going to allow users to trade EOS against many other cryptocurrencies. Ever since Huobi Pool was launched earlier in 2018, the company has been working closely with the entire EOS community to make this integration a success. Last year Huobi Pool and EOS block producers developed a test chain known as the Crypto Kylin Testnet. The platform was used to test EOS-based projects. Shortly after, Huobi created a voting platform that allowes EOS community members to participate more in node elections.


Earlier in January, the CEO of Huobi Pool, Cao Fei said:“Serving as an EOS supernode, Huobi Pool has prioritized the ecological development of EOS. The EOS exchange was the next logical step in our plan.”
What To Expect From The Beta Version
The beta version of the application gives users an idea of what the final version will look like. The layout is easy to understand making trading services convenient for those interested. It was created to foster the development of the EOS platform and promote adoption as well.


The beta version is also secure and reliable. The platform gives those interested in trading a secure environment with enough liquidity for traders. After a while, the final version will be released to the public.


EOS Price Gets A Boost Post Huobi’s Announcement


The price of EOS has gotten a boost from the launch. At the time of writing, EOS was trading in green at $2.44. This shows that it is up by 5.85% against the USD and up by 2.98% against Bitcoin. The trading volume over a 24 hour period is $710,580,693 and the market capitalization is $2,215,616,146. The next few days of trading will determine if price action will remain ub green or not.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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