Huobi Crypto Exchange Announces Middle East, Africa and South Asia Plans to Expand Operations
Huobi Announces Plans to Expand in the Middle East, Africa and South Asia
Huobi Group will expand in many other regions around the world. In a blog post released by Huobi Global, the company announced that it will be expanding its operations into the Middle East, the African continent and South Asian market.
During the World Blockchain Summit, Huobi Mena, co-founder Mohit Davar, said that Huobi will be operating in new markets.
“We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa and South Asia,” he said. “As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office there.”
Huobi is one of the largest cryptocurrency exchanges in the world. Founded in 2013, Huobi Group provides cryptocurrency trading in more than 130 countries. The company is located in Singapore and has established a new team in Dubai.
The new services include OTC trading, token-to-token trading, incubation of blockchain projects, community development and more. The main intention is to provide a new safe and reliable digital asset trading service for regional users in many different countries.
Huobi is the third largest cryptocurrency exchange in the market. In the last 24 hours, it handled $289 million dollars of trades and the most traded pairs in the platform were BTC/USDT, ETH/USDT and EOS/USDT, accounting for 40% of its trading volume.
With new markets and new investors entering the market, the exchange will be allowing new participants to have exposure to virtual currencies.
Binance, the most popular crypto exchange in the world, has recently started its activities in Uganda. In the future, it can start offering its services to other countries and regions.