blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Buy Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BUY CRYPTO
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Huobi To Create $100M USD Liquidity Fund

chainwire by chainwire
March 10, 2023 - 3:25 pm
in Press Release
0
huobirPsmhYhC
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Singapore, Singapore, 10th March, 2023, Chainwire

Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to  reinforce the seamless flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving diverse digital tokens or fiat currencies worldwide by promoting greater fluidity. As a crucial goal for this initiative, traders will benefit from easier access to funds as they engage frequently in buying and selling activities on exchanges.

Huobi has put together a plan to create a liquidity fund that will see $100 million US dollars deposited in order to improve the platform’s liquidity capabilities. The announcement was made following some market turbulence caused by leveraged liquidations initiated by only a handful of users on the platform recently. H.E. Justin Sun expressed regret over the consequences resulting from a handful of users’ leveraged liquidation on the market. 

Furthermore, Sun pledged to enhance liquidity depth for key cryptocurrencies and HT tokens while bolstering leverage risk alerts and capacity for available funds in an effort to reassure clients who rely on them. In recognition of its responsibility towards investors, Huobi has deposited $100 million USD as additional funding support through a new liquidity fund initiative.

The spot and HT contract markets experienced a series of forced liquidations that resulted in recent market fluctuations. A few users triggered this cascade, which caused leveraged liquidations to occur as well. Despite these events, there is no need for concern about the safety of Huobi exchange’s operations or wallets since they remain secure. Furthermore, all work continues at an even pace without any unexpected incidents occurring thus far. This clearly shows how the current fluctuations are just part of normal market behavior patterns.

Huobi is making strides in enhancing their platform and user experience with a fresh liquidity fund. The objective of this investment will be to heighten the multi-currency liquidity on offer, ultimately improving ease-of-access for traders across global markets. This strategic move promises advantageous positioning within Huobi’s competitive cryptocurrency exchange market sector as well. 

Sun expressed empathy towards Huobi users, acknowledging that the turbulent market changes have induced stress among them. This announcement is a promise to undertake measures aimed at mitigating these fears for their benefit. Additionally, Sun reassured the community of his resolve in keeping up with all developments regarding this issue, and will provide regular updates on any progress made moving forward. Huobi is dedicated to ensuring their platform is secure and dependable for those engaging in cryptocurrency trades. Huobi will bear all leverage-through position losses on the platform resulting from this market volatility event of HT token.

Huobi’s efforts towards enhancing the user experience are ongoing, with continuous strides taken towards improving the functioning of the platform. With additional support from their liquidity fund, Huobi looks forward to providing even more significant benefits while fortifying its presence as an esteemed hub for cryptocurrency exchange activities. Sun expressed his confidence in the actions being taken to enhance user experience and establish a safer, dependable cryptocurrency trading platform. He believes that these measures will result in more satisfied users who can trust the Huobi platform with ease.

About Huobi

Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi’s official website for more information: www.huobi.com

Contact

Michael Wang
media@huobi.com

ShareTweet
chainwire

chainwire

Don't miss the latest updates and developments in crypto world. Stay tuned for the most exciting information and press-releases from Chainwire.

Recommended For You

Crypto Casino and Sportsbook Winz.io Turns Heads Following Major Gambling Award Nominations

by Max Clark
March 24, 2023 - 12:43 pm
0
winz.io

Discover how Winz.io's commitment to transparency, user experience, and innovation sets it apart in the online gambling industry.

Read more

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

by chainwire
March 24, 2023 - 12:33 pm
0
NarwhalTwitterFeedqaPRyQEbo

Denmark, Copenhagen, 24th March, 2023, ChainwireNarwhal Finance Secures $1M in Seed Funding Led by Animoca VenturesNarwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and...

Read more

Spring 2023 Showdown: TMS Network (TMSN) Takes on Layer 1 Giants Cardano (ADA) and Binance Smart Chain (BSC) in the Battle for Crypto Supremacy

by Josh Fernandez
March 24, 2023 - 11:54 am
0
tms network tmsn

Explore the Spring 2023 showdown between TMS Network (TMSN), Cardano (ADA), and Binance Smart Chain (BSC) as they compete for crypto supremacy.

Read more

Gridex’s Third Round of GDX Airdrop Offers Exciting Opportunity to Earn GDX by Trading ARB on Arbitrum

by Max Clark
March 23, 2023 - 1:58 pm
0
gridex

Join Gridex's third round of GDX Airdrop on Arbitrum One from March 23 to April 11, offering users an exciting opportunity to earn GDX by trading ARB.

Read more

TMS Network (TMSN) Presale Gains Attract New Investors, ChainLink (LINK) Buying Spree and Polygon (MATIC) Price Fears Grip Crypto Market

by Max Clark
March 23, 2023 - 10:25 am
0
tms network tmsn

Explore the latest crypto market trends as TMS Network (TMSN) presale attracts investors, and Chainlink (LINK) witnesses a buying spree.

Read more
Next Post
Gridex Protocol

Gridex Protocol Set to Launch GDX Token on D5 Exchange this March 15th

PARTNERS LIST

  • sp

PRESS RELEASE

winz.io

Crypto Casino and Sportsbook Winz.io Turns Heads Following Major Gambling Award Nominations

by Max Clark
March 24, 2023 - 12:43 pm
0

Discover how Winz.io's commitment to transparency, user experience, and innovation sets it apart in the online gambling industry.

NarwhalTwitterFeedqaPRyQEbo

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

by chainwire
March 24, 2023 - 12:33 pm
0

Denmark, Copenhagen, 24th March, 2023, ChainwireNarwhal Finance Secures $1M in Seed Funding Led by Animoca VenturesNarwhal Finance, the decentralized cross-market...

tms network tmsn

Spring 2023 Showdown: TMS Network (TMSN) Takes on Layer 1 Giants Cardano (ADA) and Binance Smart Chain (BSC) in the Battle for Crypto Supremacy

by Josh Fernandez
March 24, 2023 - 11:54 am
0

Explore the Spring 2023 showdown between TMS Network (TMSN), Cardano (ADA), and Binance Smart Chain (BSC) as they compete for...

gridex

Gridex’s Third Round of GDX Airdrop Offers Exciting Opportunity to Earn GDX by Trading ARB on Arbitrum

by Max Clark
March 23, 2023 - 1:58 pm
0

Join Gridex's third round of GDX Airdrop on Arbitrum One from March 23 to April 11, offering users an exciting...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2023 - Blockchainreporter.net. All Right Reserved.