Huobi Global Exchange Review
Huobi Global is a centralized exchange that occupies #9 on Guru InvestingExchange Tracker. Huobi Global trading volume is US$925,628,567 in the last 24 hours and US$290,476,245,547 in the last 7 days.
Huobi Global currently has 726 cryptocurrencies, 4 paper currencies and 1171 markets (cryptocurrency trading pairs). The most popular trading pair on Huobi Global is BTC/USDT.
You can read the full expert review of Huobi Global here: Huobi Global Review.
Compare Huobi Global next to other exchanges here: Exchange comparison tool.
Huobi Global is a centralized cryptocurrency exchange (CEX) located in the Seychelles. It offers spot and derivatives markets, peer-to-peer (P2P) transactions, and lending and over-the-counter (OTC) trading..
Huobi Global cryptocurrency exchange has regional restrictions. In particular, its services are not available in China and the USA. According to company representatives, the platform intends to return to the US market in the foreseeable future, offering asset management services not the exchange itself.
Markets
Huobi Global’s spot market contains over 600 crypto assets, as well as several fiat currencies, including US dollars, euros, Australian dollars and Hong Kong dollars. In addition, the platform has its own native asset, Huobi Token (HT). Customers who hold HT tokens in their wallets may be eligible for Huobi Global cryptocurrency discounts when trading or purchasing services.
More than 1,000 Huobi Global trading pairs are available to clients. Huobi trading bot supports grid tradingwhich can be configured automatically or manually by the user.
Huobi Global spot market trading fees have a tiered structure. Huobi’s cryptocurrency fees may vary between margin trading in coins and USD. Additionally, different rates apply for regular and Pro users.
When trading swaps with coin margin, Huobi Global’s maker/taker cryptocurrency fees are 0.02% and 0.05% respectively. Pro users are grouped into 9 levels. based on their 30-day trading volume. If the trading volume exceeds $400 million, makers are not required to pay a commission. In addition, 0.005% is returned to manufacturers if trade volume exceeds $900 million.
The platform also offers futures trading services. The derivatives market contains over 230 Huobi Global trading pairs. Similar to the swaps market, futures trading on coin margin has separate fees for regular and Pro members.
By default, Huobi Global futures exchange fees Bitcoin/USD trades are 0.02% for makers and 0.05% for takers with an additional delivery fee of 0.015%. The same maker/taker fees apply to other futures assets. However, the shipping fee is 0.05%.
Futures traders on the Huobi Global cryptocurrency exchange can receive preferential commission rates depending on their level, up to Pro 9. Pro level 1 requires Huobi’s 30-day trading volume of at least $30 million. The maker fee is 0.015% and the taker fee is 0.030%.
Starting with Pro 6, when trading volume exceeds $500 million, there are no maker fees. However, if 30-day volume exceeds $1.3 billion, producers could earn an additional 0.005%. Pro 9 takers pay a fee of 0.020%.
Huobi’s cryptocurrency futures delivery fee price is not discounted at any Pro level and is 0.015% for BTC transactions and 0.05% for other futures transactions.
When trading Huobi swaps with USDT margin, the default maker/taker fees are also 0.02% and 0.05%. When trading futures on USDT margin, the taker fee is 0.030% and makers receive a refund of 0.005%. Shipping cost is 0.015% per BTC/USDT and 0.050% for other USD-margined futures. Similar discounts apply to Pro users.
Customers can directly purchase digital assets on the Huobi Global cryptocurrency exchange. Visa and MasterCard accepted as payment methods for purchasing multiple assets, including BTC, ETH, HUSD and USDT. Huobi does not charge any cryptocurrency fees for P2P purchases.
other services
Huobi Earn is a program that allows users to earn a flat APY on their deposits. Besides, Huobi Betting allows users of the Huobi cryptocurrency exchange to earn passive income. The earned price of Huobi cryptocurrency is determined by the size of the bet and the duration of the harvest.
Double investing allows users to earn passive income by actively investing in futures markets. The two main strategies for dual investing are to sell above or buy below the market price. Dual investors earn interest on their contracts daily.
Huobi Credit Service provides loan contracts backed by cryptocurrency. Brokerage rates depend on the contract. Huobi Cryptocurrency Exchange also supports large-scale transactions through over-the-counter trading without additional transaction fees.
About company
Cryptocurrency exchange Huobi Global was founded Leon Li and Jun Du in China in 2013. However, following the ban on Bitcoin exchanges and initial coin offerings (ICOs), the company left the Chinese market and moved to Singapore in 2017. Although the company has several offices around the world, its main headquarters is in the Seychelles.
In September 2013, the Huobi Bitcoin trading service was officially launched, following the release of a simulation trading platform in August. In December 2013, on the eve of its first anniversary, it was recorded that Huobi Global trade volume exceeded 30 billion yen. In 2022, this will be equivalent to more than $3.4 billion.
2014 continued with a series of venture investments that increased the value of the Huobi cryptocurrency exchange. In September of that year, the company experienced a technical issue when approximately 1,000 BTC and over 8,000 LTC were transferred to the wrong accounts. The error was later fixed.
Throughout 2016, Huobi Global’s volume continued to increase gradually. In the first half of 2016, trade volume exceeded 1 trillion yen. By the end of the year, Huobi’s daily trading volume exceeded 200 billion yen.
Following China’s ban on ICOs in 2017, cryptocurrency exchange Huobi Global has focused its efforts on global expansion, launching operations in South Korea, Singapore and Japan. In 2018 Huobi’s daily volume was estimated at approximately $1 billion..
Huobi Global attempted to enter the US market in 2018. However, due to management problems, the services were discontinued.
In 2021, cryptocurrency exchange Huobi Global permanently closed its doors in China after cryptocurrencies were deemed illegal in the country. Since the initial move, Huobi Global has been working on global expansion projects in other markets, including East Asia and South America.
Huobi Global publishes monthly activity reports, providing business updates, institutional data and statistics for the HT token.
Leon Li is the CEO of Huobi Global. He holds a master’s degree in computer engineering from Tsinghua University. In August 2022, it was announced that Li was considering selling his majority stake in cryptocurrency exchange Huobi Global, valued at around $2–3 billion.
Jun Du briefly left the Huobi cryptocurrency exchange in 2017, founding several companies in the following years, including Golden Finance. In 2020, he returned to the Huobi team. Before launching the cryptocurrency exchange, Du worked in product development at Tencent.
Pages related to Huobi Global
Read the hottest Crypto news.
Watch the animated crypt Video explanation.
Learn Cryptocurrency From scratch.
A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
