Huobi Indonesia is a centralized cryptocurrency exchange launched on December 27, 2019. The company is headquartered in Jakarta and offers such services as crypto-to-crypto and fiat-to-crypto trading. At the time of writing, the assortment of the platform includes more than a hundred pairs of digital assets.
Taking into account the fact that Indonesia has a huge population and the biggest economy in the region, this is a very promising market for Huobi Group that stands behind the platform Huobi Indonesia. Thanks to the launch of Huobi Indonesia it managed to take the leading position in Southeast Asia when it entered the market.
Huobi Group is one of the most famous blockchain companies that take leading positions in the crypto industry. The head of the company is Leon Li who started the enterprise in 2013. At the time of writing, the cumulative turnover of the corporation Huobi Global including numerous enterprises has exceeded 3 trillion USD.
Huobi Indonesia platform
The trading facility has launched its fiat gateway to provide fiat-crypto trading for its users in Indonesia. The local traders received the possibility to switch IDR (Indonesian Rupiah) to USDT (Tether) directly. The company plans to enlist eventually more than 250 cryptocurrencies on this digital currency platform.
The platform can boast of high liquidity that is always available to the members of a huge cryptocurrency community via Huobi Cloud. The main focus is made on the convenience of traders. The team is focused on the mission to create a reliable, proven trading facility for all customers and speed up the development of local businesses and the crypto industry in the region. The customers can get access to the API Key in the Account API Management section of the platform’s website. The API provided by Huobi Indonesia is based on Huobi Cloud technology.
The platform has its own token HT (Huobi Token) that was officially issued by Huobi Group in January 2018. The token with the supply of 500 million features the blockchain-powered loyalty system. According to it, 60% (300M) of tokens are allocated for free for the purchase of point cards. At the time of writing, the giveaway is completed. 20% (100M) of tokens are allocated for user rewards and expenditures on running the platform. And 20% (100M) of tokens are allocated as an incentive for the team, which are released according to the vesting schedule within 4 years.
The tokens give the right of voting to HT holders. The platform supports the burning scheme for the destruction of Huobi Tokens. Reducing the market volume, the company follows the deflation model, contributing to a higher value of HT.
Huobi Indonesia fees
The platform charges a flat fee of 0.25% for transactions. Makers with a good strategy and high trading volume are invited to contact the team on the subject of their participation in the long-term market-making project. Such candidates should have 20 BTC on the balance.
The company follows the AML policy for security.
Huobi Indonesia team
David Chen, Senior Director of Huobi Cloud, told about the search for strong local partners in the press-release when the platform was launched. Huobi Indonesia CEO Xiong Dan contributed greatly to the development of the company when he managed to create the biggest Indonesian platform within 6 months. It became possible due to the introduction of IDR/USDT trading on the platform that lowered barriers for investors to onboard the market.Read More