Cryptocurrency exchange Huobi plans to release its own steamcon this year in the framework of its roadmap, writes Cointelegraph. During the presentation in Singapore on Tuesday commercial Director Chris Lee also announced plans to upgrade the trading platform and continued global expansion.

“2018 left us with serious challenges, but personally I am optimistic about the prospects of the cryptocurrency market. I really believe that this year the situation will be corrected, he said. – This year will be very important for tablconv, and we’re not going to keep up with the trend. Probably Huobi Group will launch its own stablon in the first half of the year.”

In October last year, Huobi significantly expanded the list of supported platform tablconv and launched a solution called HUSD that allows users to exchange between the four of them.

Also today, the portal South China Morning Post reported that the CEO of Huobi Livio van confirmed the downsizing of the company.

“We don’t know how long it will remain a bear market, so we assume that we have to struggle for existence. We plan in advance and approach the spending of money wisely,” said he, adding that his company restricts the funding of non-profit units.

In recent weeks, a total of Huobi has cut about 100 positions and currently has about 1,300 employees worldwide.

At the same time, according to Wen, Huobi remains profitable for each individual month.

Recently its intention to integrate one of the existing tablconv in its platform announced cryptocurrency wallet Blockchain.

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