Palmare strengthens relationship with Huobi Global. In Palmare’s business development plan, Huobi is a reputable choice for listing in the Q4 plans.
Huobi will also cooperate with the IEO plan. Surely, many interesting things will come from this cooperation. Company Overview Huobi Global was founded in 2013 in Beijing to provide a cryptocurrency trading platform for individuals in mainland China and beyond. The platform quickly rose to become one of the three big crypto exchanges in China, providing ample liquidity to Bitcoin traders. The changing regulatory landscape in China, however, forced Huobi to move its crypto trading services abroad in 2017. The company subsequently incorporated in Seychelles and set up a new headquarters in Singapore, with a focus on expanding to other Asian markets and the rest of the world. Huobi Global managed to successfully grow its userbase outside of China to become one of the most liquid crypto exchanges in the world. In 2019, however, a report by Bitwise Asset Management accused Huobi Global of wash trading to inflate its reported trading volume figures. While Huobi denied the accusations...