Crypto Exchange Huobi’s OTC Trading Platform to Support INR. Transactions....

HI
Friends ,
After wazirx exchange , HOUBI's Exchange going to support INR transaction in cryptos trading platforms, on peer to peer technology.

Huobi, currently the world’s third largest crypto exchange by daily trading volumes, is set to support Indian rupee (INR) transactions on its proprietary peer-to-peer trading platform, according to an email cited by Crypto News India July 26.

Huobi, whose over-the-counter (OTC) service will reportedly offer Indian users zero-fee trading on Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using rupees, noted in the email that:

“We do think it’s time that we provide a solution of buying/selling digital assets with INR for all Indian users...every registered Indian user of Huobi can log in to https://otc.huobi.com to trade digital assets with INR.”

The OTC option for Indian traders has yet to be confirmed in an official announcement beyond Crypto News’ cited correspondence, although the platform did reach out to a spokesperson who has allegedly confirmed that INR trading will be supported.

News of Huobi OTC’s reported support for rupee transactions is especially significant for the Indian crypto space in light of the Reserve Bank of India’s (RBI) controversial ban on banks' dealings with crypto-related businesses and persons, which came into force July 5.

Alongside this most recent bid to reach out to an Indian user base, Singapore-headquartered Huobi has been rapidly expanding overseas throughout 2018. Trading has recently opened on its new “strategic partner” platform in the U.S., having launched a South Korean subsidiary this spring as well as unveiling a London-based operation, with OTC trading tests for the U.K. market expected to begin in the third quarter of this year.

source:- cointelegraph, online cryptos news. google search.

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