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Waves (WAVES), ChainLink (LINK) Spike as Huobi Launches USDT Markets


cryptovest.com 18 December 2018 14:10, UTC
Reading time: ~2 m

Waves (WAVES) and ChainLink (LINK), two of the top 50 cryptocurrencies, leaped more than 11% and 13%, respectively, on a daily basis on Tuesday morning UTC as virtual asset exchange Huobi announced Tether (USDT) support for both assets in its international and Korean markets.

Huobi Global added WAVES and LINK pairs with USDT at 10:00 UTC on Tuesday, saying the two coins meet its Tether listing standards. The exchange did not provide additional information about the rules included in those standards.

Until now, Huobi Global has had two markets for WAVES and LINK – with Bitcoin (BTC) and Ethereum (ETH). Around 45 minutes after the inclusion on the international platform, Huobi also added WAVES and LINK to its Korean USDT roster, as per information on Huobi Korea. The Korean market also supports BTC and ETH trading for the two coins.

The move had a significant impact on the market performance of both WAVES and LINK. WAVES rose from $2.61 several minutes before the Huobi Global listing to $2.64 around 30 minutes later. The asset sustained its momentum and changed hands at $2.70 at 11:17 UTC, which was an 11.03% increase on a daily basis, as per Coinmarketcap data. WAVES clocked $25.9 million in trading volume in the last 24 hours, with Binance BTC, ETH, and Binance Coin (BNB) markets accounting for 45.5% of it, or $13.1 million. Trading in BTC and Ethereum amounted to $459,414 (1.6%). Currently, WAVES ranks at number 21 on the cryptocurrency market capitalization list with $271.2 million in value.

ChainLink climbed from $0.231 five minutes or so before getting listed on Huobi’s international USDT market to nearly $0.237 about half an hour later. At 11:17 UTC, LINK was traded at $0.238, a 13.22% rise compared to the previous day. The asset clocked $2.4 million in transaction volume in the past day, with Binance emerging as the largest LINK exchange with $1.2 million (46.45%) in Bitcoin and Ethereum trading. Huobi BTC and ETH pairs recorded $80,000 (2.9%). ChainLink, which has an $82.9 million market cap, sits at number 49 on the cryptocurrency value list.

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