Bitcoin Forum

The competition to become the #1 cryptocurrency exchange in the world has gotten more competitive. Huobi Pro launched their token sale of the Huobi token to lower fluctuation and stabilize their platform back in February. So far they have raised $300 Million and are going against Binance to become the best cryptocurrency exchange in the world. Binance has their referral system working, but now Huobi pro announced their Huobi Super Rebates program as well.

Huobi Pro:
Huobi is one of the largest Chinese exchange platforms, based China, it was founded by Leon Li in 2013. Their main focus was the Chinese market but now with their expansion Huobi Pro plan they will tackle more countries. Launching their native token Huobi token to lower fluctuation and stabilize their platform back in February.

Check out the rest of the article here: https://medium.com/@benchi10/binance-vs-huobi-pro-5d973aa5b594  (https://medium.com/@benchi10/binance-vs-huobi-pro-5d973aa5b594)

Not sure if you're trying to advertise for Huobi here but I have always believed that decentralised exchanges will take over the cryptocurrency exchange market by a storm as the so called centralised exchanges today have resorted to terminating accounts with huge funds held in them, randomly.

no exchange will ever become big until they become registered and regulated so that they become trustworthy because of that. so far all of these existing exchanges that i know of (including Huobi and Binance) are considered high risk even though a lot of traders are using them and even if they have highest volume.

Houbi's marketing strategy is good but even if they have a good marketing and promotion strategy we cannot still say that those are effective not until they break the record of other exchanges. We are talking about performance since a good promotion is not equivalent to a good performance. So let us wait and see if houbi really can compete with other exchanges and rise up to the top 5.

Good for Huobi for trying to compete with Binance; though as of now I don't think Huobi is even close to beating Binance. Binance is just simply doing everything right(as of now, at least). I honestly really don't see an exchange beating Binance soon. They can try though, competition is always good.

I agree, it seems you created this thread to feature or introduce even advertise a new exchange named huobi, decentralized market also proved able to help me from the original exchanger that many taxes.

OAX will be the biggest and the most successful crypto exchange! Here you will see!) In June there will already be a prototype)

With most of the current generation of centralised exchanges, it's impossible to tell which of them is genuinely the biggest anyway.  It's all too easy for them to fake their volume.  It's been an issue since before I joined the community, but for some reason, everyone seems to forget it's even a thing and only a few people keep it in mind when discussing exchanges.

If you want to get really in-depth with it, there's a lengthy investigative medium blog (https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e) about this "plague".

The race for the biggest fake volume?

Ok Coin , Huobi and other chin exchange..they are cheating all of us. (https://bitcointalk.org/index.php?topic=1294265.0)
Chinese bitcoin spot exchanges OKCoin and Huobi are faking most trading volume  (https://bitcointalk.org/index.php?topic=1415808.0)
btc china fake volumes (https://bitcointalk.org/index.php?topic=1747868.0)

And those are just a few,this forum is filled with accusations of fake volume against Huobi and the others..

I will not trust a single number that comes from China, EVER!!!!


You mean running away from Japan just two days after going public and declaring there is nothing wrong with their licence?

https://www.coindesk.com/japan-warns-crypto-exchange-binance-licensing-issue/

Binance is a squatter. It invades countries where in most cases it isn't even allowed to legally operate. In other words, they aren't doing everything right, but wrong. Binance's aggressive and non legal way of operating made them grow out to what it is today, which at some point will work against them. Japan fought back, so what countries are next? People using Binance right now because they don't have to verify themselves might be up for a surprise in the forthcoming months.

Funny thing about Huobi and OKCoin is that these exchanges always manage to settle themselves on top of the market, which is quite suspicious, especially after everything that happened. Even if I was allowed to trade for free and get a certain commision back per trade, I would never ever use it. This entire market has a long way to go in order to provide people and professional traders with safe and proper exchanges. The market itself has grown immensely throughout the years, but the on-exchange liquidity is as poor as always per ratio. No wonder large players rather settle OTC deals.

Decentralized exchanges might help in providing this market the liquidity it needs, because people certainly don't trust their capital to current exchanges, and I can't blame them.