Hassan Maishera
Cryptocurrency exchange Huobi wants to boost the peer-to-peer transactions on its platform and has launched a trading competition to reward the winners.
Huobi launches a P2P competition
Leading crypto exchange Huobi announced earlier today that it had launched a P2P trading competition. The exchange announced this via a press release earlier today with the hopes of boosting the P2P trading activities on its platform.
Huobi said, “Huobi P2P platform, a secure trading platform for digital assets under the Huobi Group, has announced the launch of a new P2P (peer-to-peer) trading competition with a prize pool of 20,000 HUSD. From August 6th to 18th, new users and advertisers on the Huobi P2P platform can participate in one of the two events for a chance to win rewards.”
The cryptocurrency exchange said it is putting together this competition as a way to raise awareness and ensure that traders engage in safe trading practices. Huobi added that it has an advanced risk control system to secure transactions as a way of protecting its users against fraud and other criminal activities.
Ciara Sun, Vice President of Global Business at Huobi, pointed out that it is very important that the exchange maintains trust and open communication with their community of users and advertisers. With competitions such as this, Huobi can be able to engage with its users and advertisers in new ways and reward its commitment to the cryptocurrency exchange.
Peer-to-peer trading is an important part of the cryptocurrency market as millions of investors and traders use it to buy and sell cryptocurrencies. P2P is especially important in countries like Nigeria, where there are restrictions on buying and selling cryptocurrencies.
The crypto market, like other financial markets, has been plagued by scams and rug pulls. Investors and traders have to ensure they properly research projects before investing in them. In the case of P2P, buyers should ensure that they only purchase the cryptocurrencies from reputable and recognized sellers on the platform of their choice.
