Huobi Opens Registration on New US-Based Trading Platform — Steemit

Huobi Opens Registration on New US-Based Trading Platform

in cryptocurrency •  5 months ago

Huobi, the world’s fourth largest crypto exchange, has opened registration on its newly created U.S.-based “strategic partner” trading platform, according to a press release shared with Cointelegraph today, July 6.

Huobi’s new cryptocurrency marketplace comes via a San Francisco-based company called HBUS, whose creation was first announced in early June.

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As of today, HBUS is accepting account verification requests from U.S. residents, who can also begin depositing their crypto holdings, with support for nine cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), DASH, Civic (CVC) and TrueUSD (TUSD).

The platform will go live for trading on July 10, with the full set of trading pairs and platform features to be announced at launch.

Presumably pending the all-clear from regulators, HBUS will for now not be open to residents of Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington.

Just yesterday, July 5, Huobi confirmed trading had opened on its new Australia-based platform. Last week, the exchange unveiled its London-based operation targeting the European market, with over-the-counter (OTC) trading tests set to begin in Q3 this year.

The Singapore-headquartered platform has also been pursuing its expansion in Asia, launching a South Korean subsidiary this spring, with operations already in Hong Kong and Japan as well.

Huobi is currently ranked fourth largest by daily trade volumes, seeing $853.4 million in trades over the past 24 hours to press time, according to CoinMarketCap.

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