Major global crypto exchange Huobi has reported a 100% growth in trading volume in 2018 over the 2017, as per a press release shared with Top Market Group on February. 7.

The Singapore-headquartered company has reportedly expanded its employees from 400 employees in early 2018 to over 1,300 employees by 2019, with 15 offices in 12 countries and regions, as Huobi corporate executive Leon Li told Top Market Group.

Huobi’s over-the-counter (OTC) commerce table has reportedly become one in every of the foremost listed unlisted platforms worldwide, whereas the recently launched service Huobi Cloud has managed to enter in additional than one hundred partnerships over six months.

Launched in July 2018, Huobi Cloud may be a platform that enables users to make their own digital plus services, largely for establishing unlisted and digital plus exchanges.

The company conjointly noted its progress in Huobi’s key markets like the U.S., Japan, and South Korea. In the U.S. Huobi’s strategic partner, that has been recently rebranded from HBUS to Huobi.com, has obtained cash Services Business (MSB) license from the money Crimes enforcement Network. The corporate launched fiat-to-crypto commerce services on Feb. 5.

In Japan, Huobi has reportedly obtained one of the primary 17 crypto licenses ever issued through their merger BitTrade that was re-launched in Jan 2019. The crypto exchange conjointly acquired a Distributed Ledger Technology (DLT) license from Gibraltar to provide compliant blockchain asset trading in Europe.

In Dec, Hong Kong press agency South China Morning Post (SCMP) reported on Huobi confirming its plans to lay off employees amidst the crypto market crisis in 2018. However, the corporate reportedly stressed that it'll still onboard employees for its core business and rising markets.

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