What is Huobi?
Huobi is a cryptocurrency exchange that provides a platform for users to buy, sell, and trade a wide range of cryptocurrencies. It is known for its extensive trading options, including spot trading, futures, and various altcoins.
Who is the Founder?
Huobi was founded by Leon Li in 2013.
When Did It Start Operations?
Huobi began operations in September 2013.
Where Is It Based?
Huobi’s headquarters is located in Singapore, but it has expanded its operations to other regions, including Hong Kong and other countries.
In Which Countries Is It Banned?
Huobi faces restrictions in several countries, including:
- China: Cryptocurrency exchanges are banned.
- United States: Huobi operates a separate platform, Huobi Global, but has faced regulatory scrutiny.
- Other Countries: Various countries may have specific regulations that limit or restrict access to Huobi’s services.
What Is the Trading Fee?
Huobi’s trading fees typically range from 0.1% to 0.2%, depending on the trading pair and the user’s trading volume. Discounts may apply for users who pay fees using Huobi Token (HT).
Is Margin Trading Available?
Yes, Huobi offers margin trading, allowing users to trade with leverage. Users can borrow funds to increase their trading positions, which can amplify potential returns but also involves higher risk.
