Huobi OTC platform lays down yet another milestone by launching EOS trading

Huobi exchange launches EOS cryptocurrency in its platform as of 1st August.

Huobi, over-the-counter (OTC) division has recently announced to offer Indian users trading facility on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

But, in the recent past, there was news of Huobi OTC’s reporting to support for Indian rupee transactions that were particularly noteworthy for the Indian crypto space as India’s central bank (RBI) controversially banned on banks' dealings with crypto-related businesses and individuals, which came into force July 5th.

The exchange whose headquarter in Singapore has been intending to achieve a 30% crypto market share an aggressive approach. 

Kim Young-chul, the head of the Strategic Planning Division of Huobi Korea, proclaimed the company’s broader perspectives and strategies at the Huobi Carnival 2018 event on August 2nd in Seoul. He stated: The number of members has grown rapidly to 200,000 members within two months after the opening of the virtual currency exchange…We aim to achieve 30% market share in the next year.

On the announcement of EOS, the transactions are made out of free of charge. Trading of EOS can also deal into ads that are free of charge. The advertiser will be charged a fee of 0.2% of the total trading value.

Let’s glance at the FxWirePro’s Currency Strength Index: FxWirePro's hourly BTC spot index is flashing -191 (which is bearish), while hourly USD spot index was at shy above 69 (bullish) at 06:24 GMT. For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex