Singapore / Mar 10, 2023 / Huobi announced a $100 million liquidity fund with the aim of improving currency liquidity in multiple markets. The purpose of this action is to strengthen the continuous flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving various digital tokens or fiat currencies around the world by promoting greater fluidity. As a crucial objective of this initiative, traders will benefit from easier access to funds as they frequently engage in buying and selling activities on the exchanges.
Huobi has drawn up a plan to create a liquidity fund that will see US$100 million deposited to improve the platform’s liquidity capabilities. The announcement was made following market turmoil caused by leveraged liquidations initiated recently by a handful of users on the platform. HE Justin Sun regretted the consequences resulting from the leveraged liquidation of a handful of users in the market.
In addition, Sun is committed to improving the depth of liquidity for key cryptocurrencies and HT tokens while strengthening leverage risk alerts and available funds capacity in an effort to reassure customers dependent on them. In recognition of its responsibility to investors, Huobi deposited US$100 million as additional financial support through a new liquidity fund initiative.
The spot and HT contract markets have seen a series of forced liquidations which have resulted in recent market swings. A few users triggered this cascade, which also caused leveraged liquidations. Despite these events, there is no need to worry about the security of Huobi Exchange operations or wallets, as they remain secure. In addition, all works are continuing at a steady pace with no unexpected incidents occurring so far. This clearly shows that current fluctuations are only part of normal market behavior patterns.
Huobi is making progress in improving its platform and user experience with a new liquidity fund. The objective of this investment will be to increase the supply of multi-currency liquidity, thereby improving ease of access for traders in global markets. This strategic move also promises advantageous positioning within the competitive sector of Huobi’s cryptocurrency exchange market.
Sun expressed empathy for Huobi users, acknowledging that the turbulent market changes have induced stress among them. This announcement is a promise to undertake measures to alleviate these fears for their benefit. Additionally, Sun has reassured the community that it is committed to following all developments regarding this issue and will provide regular updates on any progress in the future. Huobi is committed to ensuring that its platform is secure and reliable for those who engage in cryptocurrency transactions. Huobi will bear all leveraged position losses on the platform resulting from this HT Token market volatility event.
Huobi’s efforts to improve the user experience continue, with continuous progress towards improving the operation of the platform. With additional support from its liquidity fund, Huobi looks forward to providing even greater benefits while strengthening its presence as an esteemed hub for cryptocurrency exchange business. Sun expressed confidence in the steps taken to improve user experience and establish a more secure and reliable cryptocurrency trading platform. He believes these measures will result in more satisfied users who can easily trust the Huobi platform.
Founded in 2013, Huobi has grown from a crypto exchange to a comprehensive ecosystem of blockchain companies that span digital asset trading, financial derivatives, wallets, research, investments, incubation and more. areas. Huobi serves millions of users in international markets. Please refer to Huobi official website for more information: www.huobi.com
Michael Wang (email protected)
|Disclaimer: This is a press release. Coinpedia does not endorse or is responsible for the content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any action related to the company.|