Huobi & Its New Cryptocurrency Exchange

Huobi, Chinese major cryptocurrency exchange, declared this week that trading has started on its again-launched platform in Australia.

Huobi’s global move is not unexpected, as most crypto exchanges have been chasing unused markets in a bid to grow their customer bases. The exchange — now located in Singapore, with offices in Canada and Brazil — mentioned trading will begin with ten pairs exchanged for the Australian dollar. The pairs are bitcoin, ethereum, litecoin, and bitcoin cash.

The exchange suggested clients to be tolerant as it initiates “more trading pairs to all users” in the future.

So long as talking on the company’s push to another new mainland, Huobi Australia CEO Adrian Harrison indicated he is well acknowledged of the interests of Australian investors, who seek to be rather aware and “sophisticated.”

Huobi is as well making attempts to promote to the expanding blockchain area in Australia. According to the reports on Finder Australia, the firm will utilize its $200 million Global Ecosystem Fund and its advising service to “partner with the growing numbers of Australian blockchain projects” who want to expand and grow in the Australian market.

Huobi has also cooperated with Blockchain Global to evolve and encourage the acceptance of cryptocurrencies to Australians and all over the world, and Blockchain Global CEO Sam Lee said that his company’s collaboration with Huobi is a win-win for the country’s blockchain area.

Lately Huobi has been developing vigorously. Just a week ago, it started its European office in London with over-the-counter (OTC) trading which is to start later this year. Huobi European Exchange Director Lester Li had mentioned  that the expansion was “in response to the high demand we have seen in Europe.”

According to data from CoinMarketCap Huobi, which is the world’s fourth-largest exchange, has a everyday turnover volume of $713 million.