Huobi - Definition from the Hotspot Shield Encyclopedia

Huobi is a digital currency trading platform that is based in China. Huobi mainly operates in the Bitcoin market and has an extensive Bitcoin exchange.

The company was founded in 2013 and is based in Beijing, China - It is noted as one of the largest digital currency exchanges in Asia. While Huobi remains one of the top exchanges in China, it has been involved in many incidents and due to its high profile has come under extensive pressure from critics - In 2014, an employee of Huobi distributed $400k worth of digital currencies to the incorrect users, and reportedly using its traders profit to covers its own losses in other areas.