Huobi OTC Launches P2P Trading In India
Huobi is one of the top cryptocurrency exchanges in the world. On Thursday, it's Over The Counter (OTC) trading platform it sent out a mailer to its users informing them that they are launching P2P exchange in India.
Some of the benefits of using Huobi OTC:
- Trade safely to get digital assets or INR
- Zero transaction fee for BTC/ETH/USDT trades
- 7*24 Customer Support
- Simply transfer funds to to Huobi global exchange if you want to trade more digital assets with high liquidity.
However at the point it's too early to comment how well this platform will take off. 2 days into the launch of this service there haven't been any takers just yet. The trading volume is nil at press time.
However, I expect to see this grow over a period of time as Huobi has many different tokens (including STEEM) on it's global cryptocurrency exchange platform which every user from India can make use of.
You can head over to https://otc.huobi.pro/#/ and check it out yourselves.
I hope Binance would consider doing the same but if it does many small Indian exchanges might find it difficult to operate as most users who use cryptocurrencies from India are likely to use a binance.com account to trade other cryptocurrencies including STEEM.
Overall these are great moves from the Singapore headquartered exchange!
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This kind of thing is precisely why I was sure the government's attempt to stop the machine would be futile. They would have to take away all freedoms in order to be able to stop crypto. I'm sure they will keep up with the FUD, quote every single debunked reason why Cryptocurrencies are not good for society. But, it's my hope that they keep on failing at their censoring attempts, and failing miserably.
This is great news...
Perfect! More options to choose from. :-D
I haven't tried any of these exchanges yet but I will have to do it soon. Also, there are many good/ reliable Steemians who are ready to buy STEEM in exchange of USD or INR straight to your PP or wire transfer.
Governments can't stop us now!
After restrictions of INR support by banks in india P2P is the need of time. Recently wazirx and koinex introduced the same. Coming more players in p2p market will create more competing in the market and at the end customer will get benefit. Huobi is big exchange and surely they will provide best of their services to indian traders. It's good sign for indian crypto community. Thanks @firepower for sharing this news. It's very useful.
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Great news for Indian friends that want to really uplift their lives with crypto. India is very big and it can impact the crypto space.
a relief for indian crypto users for time being but as you said its too early to comment.. Lets see how it goes further
Foreign exchanges are here to support us and realize the difficulty we are facing these days but our government is still silent on this matter.
Huobi is also eyeing opportunities in Toronto, San Francisco, and São Paulo.
The firm has already launched exchanges in Australia and the US.Huobi is not the first exchange to launch P2P trading in India. Understanding the problems, which cryptocurrency traders might face, popular exchanges such as Localbitcoins, Koinex and Wazirx have started offering P2P trading in the country.
@firepower
It's good news for Indian Cryptocurrencies lover.. Recently I heard that Huobi is collaborating with Indian exchange coinDcx..
P2P transaction creating some trust on Indian users that their funds are safe
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Good news for all indian people working in crypto currency platform.thanks for sharing this post.
WoW cool
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