Huobi Group plans to establish the provider's very first cryptocurrency exchange -- that is dedicated to EOS -- from the first quarter of 2019, according to a press release sent to Cointelegraph on Dec. 29.
The market will be reported started by Huobi Pool, the group's cryptocurrency mining arm. Cao Fei, the CEO of all Huobi Pool, explained the launch of the EOS market as"the Upcoming logical step in our support" within an EOS Block Producer (BP).
The release claims that the trade will allow customers to trade at the altcoin EOS against many other cryptocurrencies.
Huobi is now the third-ranked crypto market based on the volume on CoinMarketCap, together with around $774 million in 24 hour quantity in press time.
As Cointelegraph reported, the exchange recently also declared support for EOS on its derivativeindustry.
The firm's derivative market was launched just about a month earlier, in the end of November. The benefit that the business stressed when presenting the market in the Cryptofrontiers conference is the fact that it allows customers to take both short and long positions.
Recently, Starteos, one of EOS' BP's, appeared into publically offer its own nominal holders financial benefits in return for their votes. There have also been investigations from the EOS ecosystem once Huobi was accused of running a corruption strategy.