Huobi Declared Opening Its Crypto Exchange in Russia Soon

August 17, 2018

Huobi crypto exchange has reported to have entered in partnership with Russia, Canada, Taiwan, Indonesia and the Philippines with the view to open its offices on the territories of these countries.

The partners include Vnesheconombank (Russia), Yatai International Holding Group (the Philippines), Chi Fu Group (Indonesia), Asia International Finance Holdings (Taiwan) and Dbank Group (Canada). According to Huobi spokespersons, these organizations will be granted access to the systems of crypto transaction integration and wallet management as well as to the tools for asset control and clearing.

Note that the Philippine office of Huobi has already began operating on August 12 and supports USDT, BTC and ETH. 8 trade pairs are available for Tether, 7 for Bitcoin and 26 for Ethereum. The exchange exploits crypto-to-crypto trade model and does not support fiat.

As for preliminary launch dates for other platforms, Indonesia will see its office open on August 22, Taiwan – on August 26, while Russian office will become available on September 3.

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