Huobi gives away 1.3 billion Shiba INU

Huobi gives away 1.3 billion Shiba INU

The Asian exchange Huobi announced an airdrop for all its European customers relating to the crypto Shiba Inu, the meme coin created as a tribute to Dogecoin.

Shina Inu airdrop on Huobi

In total, 1.3 billion Shiba Inu tokens will be given away during this airdrop. The promotion will end on 20 September.

To participate, users must complete KYC and invite friends to join Huobi.

The growth of Huobi

In 8 years, Huobi has become one of the largest cryptocurrency exchanges in the world, and according to CoinMarketCap’s data, it ranks third in the world by spot volumes after Binance and Coinbase.

According to a report released a few days ago by CryptoCompare, Huobi is on the upswing in terms of volume and in August saw an 82.4% increase in its trades compared to the previous month, no doubt due in part to the surge in prices of major cryptocurrencies.

Huobi is one of the largest crypto exchange in the world

Huobi, regulation and mass adoption

It is undeniable that the cryptocurrency market is growing and there is more and more talk of mass adoption, given that giants such as Facebook and PayPal have also invested in the sector.

As a result, states are increasingly looking at how to regulate cryptocurrencies. Following the example of El Salvador, which has made Bitcoin its official currency, many countries are saying they are in favour of BTC and other crypto in general.

Against this backdrop, Du Jun, co-founder of Huobi Group, published a blog post on Medium explaining the company’s views in terms of regulation, advocating for clear laws to benefit the industry.

This is an excerpt from the blog:

“We believe that the growing regulatory activity and mainstream appeal of crypto are proof that it is taking its rightful place in the global financial system. We expect the year ahead to be a constant state of push and pull. But the more that regulators become involved, the faster we will see the market mature, and this will spur genuine, broad-based adoption”.

Huobi, NFT and gaming

As part of its expansion in Europe and beyond, Huobi announced a few days ago an investment fund in GameFi, blockchain-based gaming that uses, for example, NFTs to create “Play to Earn” gaming systems.

Among other things, Huobi also has its own NFT platform called iBox, although for now it is focusing on the Chinese market.

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