Huobi Launches Fiat/Crypto Exchange in Australia

Major cryptocurrency exchange Huobi has officially announced the commencement of trading on its Australian platform.

Huobi Australia went live on 5th of July 2018. As reported earlier, the new platform will support cryptocurrency trading against the Australian dollar.

At launch, Huobi Australia supports trading often cryptocurrencies- Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), PowerLedger (POWR), aelf (ELF), Cortex (CTXC), DATA (DTA), and IOS token (IOST).

“In the future, Huobi Australia will open more trading pairs to all users,” the announcement reads.

Also Read: Binance Expands to Africa, Launches First Fiat-to-Crypto Exchange in Uganda

According to the official website, Huobi Group has partnered with the local blockchain and crypto industry leader Blockchain Global for offering its services in Australia. The company also noted that it is interested in collaborating with other Australian blockchain projects to boost adoption.

Finder quoted Adrian Harrison, CEO of Huobi Australia, as saying:

"Crypto-traders in Australia are increasingly knowledgeable and sophisticated, matched by a receptive regulator with interest in safely developing the market. For Huobi Group, the move to Australia is a natural fit for our technically robust platform. We are keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market."

Huobi is currently the third largest cryptocurrency exchange platform with $918 million in 24-hour trading volume at the time of writing. The exchange has also announced that it is launching a new office in the US this week.

Wishing everyone all the best as always..
@heer