Genesis Vision (GVT) managers will soon be able to carry out a variety of cryptocurrency related transactions on Huobi Global. The confirmation comes at a time when the crypto-exchange is sending shockwaves as a leading digital asset trading platform.
Huobi Global Edge
Founded in 2013, Huobi has grown to become one of the biggest cryptocurrency trading platforms by daily volume. Initially, the platform only offered support for Bitcoin (BTC). It has since grown and now supports over 100 crypto-assets. Consequently, the vast cryptocurrency portfolio means that Genesis Vision managers will soon be able to trade a variety of cryptocurrencies.
Genesis Vision is a platform that seeks to provide a private trust management marker. Managers leveraging the platform will now be able to trade directly on the Huobi Global platform. Similarly, investors can become managers by creating an account on the platform.
Genesis Vision Benefits Huobi
Integration between Genesis Vision and Huobi will ensure that managers can trade using a proprietary user interface and a trading terminal interface. Likewise, the exchange currently offers a variety of pairs made up of USDT, BTC and ETH.
A market depth chart for crypto-analysis also awaits Genesis Vision managers. Likewise, the managers will gain access to an instrumentation section that details each coin’s statistics in a useful way. Some of the valuable information that the managers will access include a coin’s total supply and circulating supply.
Genesis Vision managers will also be able to take advantage of margin trading available on the Huobi Global platform. Consequently, the cryptocurrency will serve as collateral for a broker’s loan. The managers should also be able to take long and short positions and see their results magnified.
A simple fee system is similarly another attribute that makes Huobi Global stand out in the sector. Low trading fees are the order of the day with the exchange. Therefore, traders and managers will only have to contend with maker and taker fees of 0.2% on all pairs.
In addition, Huobi Global has confirmed the listing of four new stable coins. Traders will now be able to make deposits for Paxos (PAX), TrueUSD (TUSD), Circle (USDC), and Gemini (GUSD). This addition is part of the exchange’s push to provide traders with a wide variety of reliable coins. In particular, the addition of stablecoins also comes at a time of growing market demand. However, uncertainty over Tether (USDT) has also forced exchanges to pursue other stablecoins.
This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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