One of the leading trading volumes of the cryptocurrency exchange Huobi has plans in the framework of the roadmap for 2019 to produce its own stablemen. It is reported by Cointelegraph.
Speaking on Tuesday, January 22, at an event in Singapore, CFO Huobi Chris Lee also said that the company intends this year to upgrade its trading platform and continue international expansion.
“2018 has brought us huge challenges, but personally I look at the stock market with optimism. I think this year things are gonna get better”, — said, in particular, Lee.
He also said that 2019 will be “huge for tablconv” and Huobi Group will be a part of this process. The launch of the “stable coins” from Huobi scheduled for the first half of this year.
Like many other large exchanges, Huobi has already started to support various stabilini, and also launched a solution called HUSD to allow the user to “switch” between different stablename presented on this trading platform.
In December and January it was reported that in the conditions of a bear market Huobi conducts downsizing, and as stated today in an interview with the South China Morning Post CEO Livio van, if the current climate in the markets continues, it can be really difficult.
“We don’t know how long a bear market, so it is possible that it would be difficult to survive. We must advance all planning and cautious spending,” said ven.
Despite the fact that the company intends to restrict funding of non-profit units, Livio van also believes that the company has such competitive advantage as the availability of licenses in all the most important for its activity countries.
“We are the only among the largest world stock exchanges, who has such a license,” — said the head of Huobi.
He also noted that the reports for each month show that the company still operates at a profit.
We will remind, earlier in January Huobi Group has launched a regulated cryptocurrency exchange in Japan.