Huobi cryptocurrency exchange has announced its plan on launching a EOS-based crypto exchange. The launch of the exchange is expected in the first quarter of 2019.
Huobi is one of the world’s largest exchanges, with an average 24-hour trading volume of close to $500 million. Huobi is closely associated with the EOS project, and the Huobi Pool has been working on the exchange since last year.
EOS is seen as a competitor to Ethereum, though there have been doubts as to whether it can compete with the world’s second-largest cryptocurrency by market cap. The EOS Distributed Proof of Stake (DPoS) consensus method has faced criticism due to security flaws.