Monero News: Huobi Global Introduces XMR/USDT Trading Pair Following The Latest Monero Update

Huobi Global leading digital asset exchange has a strong global presence with its operations established worldwide.

The platform offers a secure and reliable service to users across 130+ countries.

This was reportedly the very first exchange that launched 24/7 customer service and created an investor protection fund.

As a pioneer of the crypto industry, the exchange values a lot the security of their users’ data and assets.

Huobi Global launched XMR/USDT pair

On November 2, Huobi Global announced users that “XMR/USDT will be available on Huobi Global from 18:00, November 02, 2018 (GMT+8).”

This comes after Monero’s latest achievements which have been really important for the whole crypto community, not just Monero enthusiasts.

The latest update was a complete success for Monero, and now leading crypto exchanges in the world are lowering withdrawal fees for the privacy coin.

Transaction fees are a lot lower now that XMR has added Bulletproofs to their network.

The Bulletproofs protocol was implemented recently and triggered lower transaction fees on the Monero network.

Binance and Bittrex revealed that they would lower XMR withdrawal fees to 0.0001 XMR.

This is a massive discount for traders who previously had to pay 0.04 XMR ($4.28) in order to withdraw crypto from Binance.

Monero’s achievements still don’t affect XMR’s price

Other than this, Bisq recently announced something exciting on their Twitter account.

Bisq is an open-source desktop application that all0ows users to trade Bitcoin in exchange for national currencies and also alternative cryptos.

The platform handled about 5% of all Monero trading volume over the past 24 hours, according to the official announcement made by Bisq.

They also announced that “Indeed, yesterday saw new ATH records for Bisq, both in overall volume (110 BTC) and the number of trades (152), the vast majority of which was Monero trading.”

Monero’s price still has to mirror the latest successful update. At the moment, XMR is trading in the green on CoinMarketCap, and it’s priced at $105.08.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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