Ethereum Trading is Coming to Chinese Bitcoin Exchange Huobi

China's Huobi, one of the largest Bitcoin trading venues in the world, has announced that it is adding Ethereum (ETH) trading. The exchange will enable ETH transactions starting tomorrow, May 31, 2017.

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Huobi says that cryptocurrency traders have repeatedly called for the addition of ETH transactions. It has decided to add Ethereum trading support only now after considering "team capacity, stability, iterative capabilities, market Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and other factors".

The recent meteoric price rise by Ethereum must have helped as well. The ETH/USD exchange rate now stands at about $216. For perspective, the price only reached a record high of $100 for the first time earlier this month and was valued at only about $20 not long before that.

With a market cap of just about $20 billion, Ethereum is the second most valuable 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 after bitcoin and its worth is over half that of the leading cryptocurrency.

Road map

Interestingly, Huobi has also released the methodology it used to evaluate if Ethereum is ready to be added for trading. This revealed that it may consider adding more cryptocurrency trading options for its clients in the future.

The list includes: Litecoin, Ripple's XRP, Dash, Zcash, Dogecoin, Monero, MaidSafeCoin, Decred, Steem, Ethereum Classic (ETC), NEM, Augur, PIVX, Golem, Tether, Waves, Iconomi and DigixDAO.