Chinese exchange Huobi resumes its activities

The Chino Huobi exchange (now Huobi.pro) resumes trading activities by launching a statement indicating that it adds the Tether (USDT) trading pairs.

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.

Advantage of USDT in crypto-only exchange:

1. Used to stabilize the value of your assets. You can exchange digital assets to USDT to avoid the losses in a plummet market.

2. Easy to know the price of digital asset. Because 1USDT is equal to 1USD, the price of digital asset against USDT is the USD price of the digital asset.

3. Superior liquidity. Transactions of USDT is based on the Bitcoin blockchain which is stable and reliable.

USDT deposit and withdrawal is available from 18:00 October 24th,2017(GMT+8). And BTC/USDT and ETH/USDT trading will start at 12:00 October 26th,2017(GMT+8).

This is good news for the market in general, since it follows that it will move the markets upwards (supposedly) by being able to offer a more liquid and reliable asset, especially in China.

Jose Felip

Jose Felip

The difficult thing is not to learn, the difficult thing is to know how to teach. Editor and coordinator of the free book "La era de las BLOCK punto COM" CEO of bitcoiner.today