Global Digital Asset Exchange Huobi Is Developing In Brazil

It is reported that the largest global digital asset exchange Huobi is developing and broadening its operations in Brazil as the exchange is said to be selling its platform in the country, trying to hire regional staff after creating a workspace in São Paulo.

As per the local news portal Portal do Bitcoin, Huobi representatives have been noticed  in the distribution of business cards at VI Bitconf, a conference on cryptocurrencies conducted in São Paulo, Brazil, in which BCH supporter Roger Ver transfered cryptocurrency and criticized Venezuelan oil-backed Petro.

According to the news feed, Huobi hooked up “famous names in the Brazilian market” and created a workspace in São Paulo using the offices provided by We Work. Although there is no official information about the end of Huobi, Portal do Bitcoin declares that the exchange will start working in the country by the end of this year.

According to CoinMarketCap, Huobi ranks as as the world’s third-largest cryptocurrency exchange, after processing a trading volume of $ 1.1 billion over the last 24 hours.

In fact covered by CCN, the company has already started to expand its operations in Canada as it views it “emerging as a leading blockchain nation.” At the time, Huobi Canada CEO Ross Zhang said:

 “Establishing Huobi’s first Canadian offices in Toronto is a continued effort to help the blockchain industry become more credible so that mass adoption can come sooner.”

The participation and presence of Huobi in Brazil is going to make the struggle stronger in the country. The country’s largest cryptocurrency exchange Foxbit lost 58 BTC starting this year after hackers used the platform’s poor security practices.