Huobi Global users can now deposit PolkaBridge (PBR) on the crypto exchange platform. The token will be live on the platform at 14:00 UTC on August 19.
Users can start spot trading PBR – USDT after the deposit volume meets the market trading demand. However, the withdrawal support for the token will go live without any restrictions at 12:00 UTC on August 20.
As soon as the news came out, PBR users started looking for a Huobi review to assess its functionalities. The crypto exchange platform released an official post to make the announcement.
The post shared important information about the listing along with the ERC20 contract address for users. Traders are suggested to only use the specified address (0x298d492e8c1d909d3f63bc4a36c66c64acb3d695) to deposit PBR tokens on the platform.
Besides this, the exchange platform also warned users about several activities. Firstly, the platform stated that if the orderbook does not meet 90% to 110% of the previous price, it will cancel all the buying or selling transactions regarding PBR.
This needs to be done to avoid unnecessary slippage. Thus, traders must ensure to conduct a risk assessment before trading in newly-listed coins. Price volatility among such tokens is extremely high and common, so that an analysis can be crucial.
Besides these details, Huobi also mentioned its social media channels, where the platform will release the latest information about the listing. Huobi Global entered the market back in 2013 when cryptocurrencies were merely sprouting.
As the market expanded, the platform established an ecosystem where users can access derivatives trading, crypto loans, staking, spot trading, crypto yields, and more. As one of the oldest crypto exchange platforms in the market, the upcoming listing will be substantially beneficial for PBR.