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What Does Huobi Fork Area Mean?

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What does Huobi fork area mean? Huobi fork area refers to Huobi\’s hard fork of t

What Does Huobi Fork Area Mean?

What does Huobi fork area mean? Huobi fork area refers to Huobi’s hard fork of the original “HuobiPoolToken” and the existing “HuobiEx trading platform”.

In the blockchain field, Huobi Group is positioned as one of the world’s leading Digital Asset Service Providers, with cryptocurrencies including Bitcoin and Ethereum. In order to ensure the sustainable development of its business, Huobi has chosen a new branch – the Huobi China operations team, to establish a dedicated working group for this plan.

Huobi China CEO Yuan Yuming said, “This event will cause great harm to the exchange, because if users do not upgrade their products and services, serious security issues may occur.” How does the split Huobi operate? What does the specific meaning of the division refer to? Why is there a split? According to relevant information, Huobi China’s business scope includes spot and futures contracts; the spot market includes spot/leverage/perpetual contracts, options, and swaps. Among them, delivery contracts are derivatives, so there is no market risk associated with perpetual contracts.

Huobi China CEO Yuan Yuming explains:

When the price of a product rises or falls, Huobi also adjusts its strategy to reduce volatility. From a long-term perspective, Huobi may adopt a differentiation approach. We know that competition in the traditional financial field consists of two parts: the first is the compliance of derivatives in the stock market. And these two parts are based on a new structure formed by existing securities regulations, so companies that have been recognized and strictly controlled by regulatory authorities should also act in accordance with relevant laws and regulations. But currently, these companies basically only need to meet certain conditions. That is to say, once a company’s equity is considered illegal, it will face significant losses. The second category is investment funds. Since the entire industry is undergoing many cyclical changes, this transformation may not be as simple as it is now, but as time goes by and various factors continue to affect the future of this industry.

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