Huobi launches Primepool platform

Crypto exchange Huobi Global launches Primepool digital asset mining platform. Primepool intends to offer users a convenient way to participate in the ecological development of newly introduced crypto projects.

Primepool menu

Primepool is based on the “New Assets” and “DeFi Mining” activities previously available on the Huobi platform. Users can participate in asset-locking activities and earn rewards through staking at Primepool.

Ciara Sun, Vice President of Global Markets at Huobi Group, highlighted how Primepool could help those who want to get into the game:

“As a safe and reliable mining platform, Primepool allows users who are interested in the project to participate in its ecological development with a low entry barrier, and thus gain greater property effects.”

Exposure on lending

Sun also pointed out that many premium projects have emerged in recent years, but many merchants have not had access to them. She hopes that, thanks to Primepool, it will be possible to show that “the market is not just for investors with large investment budgets”. Sun also believes that in addition to helping build a healthy ecosystem, it will increase inclusivity in the crypto space.

To highlight this opportunity, DeFine was the first project listed on Primepool in the announcement. The unique decentralized social network for Web 3.0 based on NFT hopes to make it easier for creators to social interaction, engagement and communication. Uses a native DFA token.

Huobi services

Last month, Huobi updated its user agreement to add China to the list of jurisdictions that are prohibited from using its derivatives trading services. The update comes shortly after Huobi recently reduced the amount of leverage available to users in China.

Even more remarkable, Huobi was forced to end her presence in Beijing. On July 22, Huobi abolished its Beijing Huobi Tianxia Network Technology Co. entity. The company deregisters from the Commercial Register 45 days later.

Conclusion

This seems to be an interesting opportunity for those who want to start but do not have large funds to deposit. Many more people will be able to join the crypto space.