Digital Currency Exchange: Resistance, announced a strategic partnership with Huobi. Resistance is a cryptocurrency exchange aimed at tackling liquidity problems faced by DEX. The privacy-oriented, decentralized exchange Resistance has secured a strategic partnership with Huobi MENA, Huobi Group’s Middle East and Africa branch. Since launching in 2013, the Huobi Group has generated trillions of revenue and over 1 trillion dollars in trade volume.
A little background: Huobi, a Singapore-based exchange, has earned a reputation as one of the world’s leading providers of cryptocurrency financial services that continue to provide professional services globally. With offices in Singapore, the United States, Japan, Hong Kong, Korea, the Huobi Group has expanded its operations due to its growing popularity. Currently, this leading exchange reaches 130+ countries worldwide, allowing retail and institutional investors to trade in their large market.
All eyes are on resistance, as the private decentralized exchange prepares to debut in Q2, 2019 and seeks to resolve all the problems affecting existing DEX. An unsettling contradiction exists in the industry; decentralized exchanges face several problems with insufficient liquidity, poor user interface and experience and lack of advanced trading tools; DEX and Resistance expect to overcome the problems prevalent in the industry to compete with existing centralized powerhouses such as Bittrex, Coinbase, and Binance.
The partnership agreement intends to ensure that Resistance, as a decentralized exchange, benefits from Huobi many financial assets by gaining access to 150+ cryptocurrencies and 350+ trading pairs.
The private, decentralized exchange, ResDEX, is community driven and supported. RES data protection coin facilitates private trade. By working with Huobi, the project aims to overcome the shortcomings of decentralized trade. The strategy is simple — ensure DEX remains scalable, fast, cheap and practical to become the industry standard.