Bitcoin Exchange Huobi Opens Post China Ban Era with New Platform

As China's cryptocurrency trading ban is about to come into effect on October 31, 2017, the country's exchange operators are all moving their focus abroad to try to recreate the success they had internationally.

The latest company to announce a new international offering is Huobi, once one of the largest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading venues in the world. The new service is called Huobi.pro. The marketing department responsible for the firm's ex-China businesses revealed that most of the platform's users are professional traders located all over the world.

Trading at the new venue offers cryptocurrency pairs based on Tether (USDT) or Bitcoin (BTC). These include Bitcoin Cash, Ethereum, Litecoin and the upcoming forks against Bitcoin as well as BTC/USDT, ETH/USDT, and LTC/USDT.

USDT is a digital asset based on the Omni Layer Protocol issued on the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term. The most distinctive feature of USDT is that it is backed by fiat currency – each USDT represents one US dollar and it is redeemable by holders upon request through the Tether platform.

Huobi has also recently added new offices in Hong Kong and Singapore to continue its exchange service and expand into global markets to compensate for the loss of its home market. The Huobi.pro platform currently supports both Chinese and English to support this internationalization.