Huobi launches Prime membership: discounts for trading volume

Rick Steves

“Previous membership systems only offered perks in the form of discounted transaction fees, which made it challenging for many retail investors to enjoy, due to high qualification criteria.”

Huobi Global has launched a Prime membership program, open to both retail traders and professional investors.

The program offers access to reduced trading transaction costs in exchange for conditions that boost trading volumes, often meaning more risk for users.

Prime members will qualify for discounted transaction fees that could go as low as 0.0126% for spot trading, and enjoy rebates of up to 0.01% of the total transaction amount for derivatives trading.

The program consists of twelve levels – from Prime0 to Prime11. Users will qualify as Prime members should they meet any of the following criteria:

1) 30-day trading volume from spot trading on Huobi Global reaches 10,000 USDT

2) 30-day trading volume from derivatives trading on Huobi Global reaches 100,000 USDT

3) Have at least 2,000 USDT worth of assets on Huobi Global

Huobi was founded in 2013 and caters to tens of millions of users across five continents, offering access to spot and derivatives trading of cryptocurrencies.

The firm added that members of the Prime1 level onward will enjoy extra benefits besides discounts, and Prime6 users and above will get customized services. Prime9 to Prime11 will have access to increased daily withdrawal limits, digital asset management services, investment consultants, asset reports and industry research.

Ticket allocation chances, rewards, discounts for HT holders

Prime members will also enjoy increased ticket allocation chances and double rewards when participating in CandyDrop, PrimeList or other campaigns.

Other perks include existing Huobi Token (HT) holders seeing the value of HT assets calculated in USDT with the addition of a 1.5 x multiplier, so HT holders can more easily qualify for higher membership tiers.

HT token holders will also enjoy an additional 12% discount off the fee rate offered for their Prime level if they pay for their transaction fees using HT.

Du Jun, Co-Founder of Huobi Global, said: “Previous membership systems only offered perks in the form of discounted transaction fees, which made it challenging for many retail investors to enjoy, due to high qualification criteria. Our newly launched Prime membership system aims to alleviate such issues while empowering users with enhanced benefits. We believe such a move will promote greater long-term development in the cryptocurrency space.”

Huobi operating unregulated business in Malaysia

Malaysia’s financial regulator has backlisted another group of cryptocurrency websites, including Huobi, as it cited the brand as being not authorized to operate in the country.

Huobi, a former ‘big three’ platform in China, is the sixth-largest crypto exchange in the world by trading volume, competing with the likes of Coinbase, Binance and Kraken.

The watchdog advises its citizens not to make use of such services nor to make any investment with companies or individuals that are not approved or licensed by the SC.

Anyone who engages in regulated activities without a valid license or registration from the SC is committing an offence under the Capital Markets and Services Act 2007. If convicted, they may be punished with imprisonment of up to ten years and fined.

Read this next

Digital Assets

LMAX Digital onboards Bryan Christian and Cassandra Cox to lead sales

Institutional cryptocurrency exchange LMAX Digital continues to undergo a series of changes in its top ranks as it continues to build its presence globally. Two industry veterans, Bryan Christian and Cassandra Cox, have joined the group as its newest sales directors in Europe and USA.

Digital Assets

Cake DeFi introduces Ethereum Staking with 5% returns

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.

Retail FX

FX trading rebounds 405pct at Saxo Bank in September

In a volatile market driven by Russia-Ukraine headlines, FX trading volumes through Saxo Bank have rebounded strongly in September to the highest level in three months.

Retail FX

CMC Markets’ stock climbs as H1 revenue to climb +20%

CMC Markets PLC (LSE:CMCX) shares spiked 5.6 percent to 235p in Thursday’s trading after the firm’s trading update for the first half of its fiscal year 2023 revealed results at the high end of company projections.

Retail FX

Interactive Brokers doubles client accounts to 2 million in 24 months

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes took a slight step back in September, an indication that investor confidence is still fairly mixed over the past few months.

Digital Assets

DeFiChain tokenizes Walmart, Unilever, US Oil and Gas Funds

Bitcoin-based DeFi platform DeFiChain is opening up the opportunity for its users to trade crypto versions of Walmart, Unilever, US Oil Fund, and US Gas Fund.

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”


Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.