Huobi Global is focusing on customer security. This has lead the third biggest crypto exchange in trading volume to adding support to EOS & TRON (TRX) on its Huobi Wallet thereby allowing its users to manage their private keys. Tron holders will now be able to store their TRX tokens on the Huobi Wallet as well as download the new application in both iOS and Android devices.
Huobi wallet aims at improving user experience this is why it supports Bitcoin, Bitcoin Cash, Tether (USDT), Ethereum (ETH), EOS (EOS), Ethereum Classic (ETC), Litecoin, Tron (TRX) and all ERC20 tokens. The wallet also supports other stablecoins such as PAX, TUSD, USDC and GUSD. Huobi also has plans on adding more currencies. The exchange revealed, “Going forward, the community can expect to see more currencies added at an accelerated rate. We also plan on establishing additional partnerships with a range of decentralized apps (Dapps) developers, giving our users greater access to an expanded range of products and services.”
On the other hand, the inclusion of EOS is the first of one of the many upgrades lined up for the Huobi multi chain light Wallet. Powered by the native cryptocurrency EOS, the EOS.IO blockchain protocol emulates most of the attributes of a real computer including hardware. It also has its computing resources distributed equally among the EOS cryptocurrency holders. The Vice President of Huobi Group, Livio Weng explained the reason behind the collaboration with EOS saying, “EOS is among the most important Delegated Proof-of-Stake (DPoS) currencies so it was a natural choice for us to include on Huobi Wallet.”
Asides a Tweet, there a lot more details that is not known about the wallet. However, Huobi has plans to hold a TRX bounty program. The incentive is to celebrate the inclusion of TRX to the Huobi wallet, therefore, users will be rewarded with 400K TRX bonus. To participate users will have to download the Huobi Wallet on App Store or Google Play and then store TRX on the Huobi Wallet. To decide those who will get the bounty, a snapshot will be taken at 24:00 (GMT+8) November 25th, and users will get their bonus based on the size of the TRX asset they store.
Huobi Wallet has added support for more tokens this year including all ERC20 tokens. With the addition of EOS and Tron (TRX), hopefully Huobi wallet can begin to support tokens such as Ledger Nano or the Tresor that are not yet supported on regular hardware wallets.
The Information provided on the website is designed to provide helpful information regarding blockchain and cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading.
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