What problem does this service solve?

Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged.Huobi is one of the largest exchanges. It also runs a Chinese mining pool.

Token Stats

Company Description

Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange.

Huobi is one of the world's leading trading platform, committed to providing investors with a professional, safe and honest transaction services. The Exchange charges no deposit fees but does have an exit fee of between 1% and 2%. It was originally based in China, but moved its' headquarters to Singapore, and also has offices in Hong Kong, Korea, Japan and the United States.
Huobi has raised capital from investors including Dai Zhikang, Sequoia Capital and Zhen Fund. Huobi is a major player in the Chinese blockchain scene. It runs a mining pool, (Huobi Pool) incubator, (Huobi Labs) and a research institution. (Huobi Academy of Blockchain Applications)
Trading fee of 0.2%

Ratings

Overall

5/5 (1)

4/5 (1)

How easy is it to open a new account?

5/5

4/5

How easy is to make trades on this exchange?

5/5

3/5

How good is the selection of coins?

5/5

5/5

How reasonable are the fees?

5/5

3/5

How secure is this exchange?

4/5

4/5