Huobi was founded in China and used to be a Singapore-based cryptocurrency exchange. In October 2017, Huobi exchange officially expanded to Korea with a new headquarters in Seoul, South Korea. It opened trading in March 2018.
This new platform started its way with the trading of 100 cryptocurrencies and 208 markets: 33 USDT, 98 BTC, and 77 ETH. Now it supports 475 trading pairs and 191 coins. What is more, Huobi Korean made possible the exchange of won, Korean national currency.
The registration process is a bit more complicated which strengthens the account security. Huobi Korean mostly offers cold storage and keeps approximately 98% of the users’ assets that way. Today, the company works in 6 countries: Korea, Singapore, USA, Japan, Hong Kong, and China.