Chinese exchange Huobi to list Ethereum (ETH)

Beijing-based Huobi, a Chinese crypto trading platform founded in September 2013 and one of the largest in China announced that trading in CNY/ETH will begin on Wednesday of this week.

Trading will start on 12:00 May 31st (GMT +8). ETH deposit and withdrawal will be available from then on as well.

Huobi is offering the following incentives to commemorate listing of ETH:

– From now to May 31st, if you trade BTC or LTC, you can get 5mETH for free.
– From May 31st 12:00 to June 3rd 12:00, ETH trading commission fee is 0.01%.
– From June 3rd 12:00 to June 8th 12:00, ETH trading commission fee is 0.05%.

Ethererum has become the second-largest cryptocurrency in terms of market cap as of May 2017 at around $15 billion at today’s USD prices, while Bitcoin stands at around $36 billion.

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher, and programmer. The system went live on 30 July 2015. There are many aspects of Ethererum that could outperform bitcoin, such as scalability, cost, speed. Earlier this year, the Enterprise Ethereum Alliance (EEA) launched, founded by Microsoft, Intel, JP Morgan and 30 other finance and technology companies to push forward Ethererum blockchain technology for commercial use.


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