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Huobi wants to become decentralized


xtinepink

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Posted

Huobi is another well-known trading platform that is based in Singapore. 

The said trading platform is setting to be a decentralized autonomous organization. According to a report Huobi will be investing $100 million for building “Huobi Chain” once everything is settled Huobi plans to move its operations onto this blockchain. 

What are your thoughts? 

Check out the link here: 

https://www.bloomberg.com/news/articles/2018-06-06/cryptocurrency-exchange-huobi-wants-to-become-decentralized

 

Posted

Decentralizing is the trend and what most project has now. It's the evolution and Huobi find that a good thing for them. Thanks for sharing @xtinepink. Honestly I really don't know that Huobi is not decentralized thanks to this post it's informative for me. 

  • Administrator
Posted

Sounds like they're going to have to sacrifice a fair bit of profits in order to achieve this. Seems like the way all crypto exchanges should beheading, however. Good luck to them!

Posted
1 hour ago, Edward said:

Sounds like they're going to have to sacrifice a fair bit of profits in order to achieve this. Seems like the way all crypto exchanges should beheading, however. Good luck to them!

I believe that binance is also doing this decentralized exchange as well. 

  • 1 month later...

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