Singapore-based Crypto Exchange, Huobi, to Open Office, Support Center in Russia

  • Digital asset exchange, Huobi, will open a new office in Russia.
  • Huobi's Russian language website will go live on November 12th, as it officially opens the office on the same date. 

Singapore-based digital asset exchange, Huobi, which is reportedly processing $1 billion in trades daily, has opened a new office Russia.

New Office, Website To Officially Open On November 12th

Huobi, which recently became a publicly listed company in Hong Kong, announced (during a St Petersburg conference) that it would officially open its Russia-based office on November 12th.

In order to make its services more accessible to the country’s residents, Huobi will be launching a Russian language website. Similar to Huobi’s other websites, the new site will have online support and a dedicated call center.

Presumably as an extension to its blockchain startup incubator program (Huobi Labs), Huobi will provide an online support center specifically for Russian firms looking to enter the crypto space.

Collaborating With Russia's "Top 10" Universities 

Notably, Huobi’s support center for Russian startups is being launched through a partnership with the Plekhanov Russian University of Economics (a “top 10” Moscow-based public research university) and the Moscow State Institute of International Relations (an academic institution run by Russia’s foreign ministry).

In September, Huobi had joined the Moscow-based VEB Innovation Fund - which is a venture capital-funded financial services platform that focuses on investing in “high technology projects.”

Founded in 2011, the VEB Fund aims to provide local startups the financial resources they need to develop their products.

Huobi Now Lists More Stablecoins

Established first in China, Huobi shifted its operations to other locations after the Chinese government began its crack down on cryptocurrency-related businesses. At present, Huobi has registered offices in Singapore, South Korea, London, San Francisco, Hong Kong, and Dubai.

Similar to how many crypto exchanges first started, Huobi only supported bitcoin (BTC) trading back in 2013. However, when crypto prices started to increase significantly last year, Huobi began listing more digital currencies on its trading platform.

After heightened fears regarding controversial stablecoin, Tether’s (USDT) operations, Huobi and many other exchanges have started listing other stablecoins. At present, Huobi lists the following USD-backed coins: Paxos Standard (PAX), True USD (TUSD), USD Coin (USDC), and Gemini Dollars (GUSD).

Huobi Accused Of "Mutual Voting"

In April 2018, Huobi Pro announced its plan to become a block producer (transaction validator) for the EOS platform. In October, a leaked document appeared to show that Huobi had been taking part in mutual and coordinated voting, when electing other block producers.

Although Huobi denied being involved in the incident, critics of the delegated proof-of-stake (DPoS) consensus mechanism (which EOS uses), such as Ethereum co-founder Vitalik Buterin, have said that “it was completely predictable [because] … human capacity for eternal vigilance is limited.”

Coinbase Now Offering Four Free Exclusive ‘Trading Signals’ to All Users

Siamak Masnavi

Digital asset exchange Coinbase has announced that all Coinbase users now have access to four free exclusive "trading signals."  

Coinbase explained in a blog post published on Wednesday (July 17) that it wants to help their customers "independently create and manage their own crypto strategy" by making available certain data—some of which is based on the "aggregated and anonymized activity of millions of Coinbase customers"—available, for free, to all users of Coinbase. These "insights" (which Coinbase says are "the first of their kind in crypto") are only available to those who are logged into the Coinbase website. gital asset that is available on

The four tradings signals are available for every digital asset that is available on

So, what are these trading signals?

Top Holder Activity

This refers to the percentage of Coinbase users "with large balances of an asset (top 10%)" who have either bought or sold that asset in the past 24-hour period. This information is updated every two hours. 

At the time of writing, for Bitcoin (BTC), 69% of the top BTC holders have bought Bitcoin and 31% have sold Bitcoin in the past 24-hour period.  

Typical Hold Time

This is the "median number of days an asset stays in a Coinbase customer’s account or vault before it’s sold or sent to another address or wallet."

In the case of Bitcoin, currently, the typical hold time is 85 days.

Popularity on Coinbase

This is a "a ranking (out of all tradable assets) of how many customers hold a particular cryptocurrency." This information is updated every 24 hours.

You will probably not be surprised to find out that currently Bitcoin is the most popular digital asset on Coinbase.

Price Correlation

This signal tells you how cryptoasset prices move in relation to each other, i.e. a high positive correlation means "those assets’ prices have tended to move in the same direction." So, if you want to hedge your risk exposure to BTC-related price movements, you might want to consider buying cryptoassets that have a high negative correlation with Bitcoin.

In the case of Bitcoin, currently, (UK) shows the following price correlation information when you are looking at Bitcoin:

Coinbase Price Correlation Info - 18 July 2019.png

Coinbase wisely points out that "price correlations are historical and not predictive of future correlations," and that all market data provided by Coinbase, including these four trading signals, should not be "considered investment advice."

Featured Image Credit: All Images Courtesy of (UK)