Huobi Australia: The world’s fourth-largest cryptocurrency exchange by its daily trade volume, Huobi, just announced that it is launching its exchange in Australia today, July 5th.
The trading pairs on the new Australian platform are set to be phased in throughout Thursday starting at 10:00 AM Sydney time. The ten pairs that will be launched include:
- Bitcoin (BTC)/AUD
- Ethereum (ETH)/AUD
- Bitcoin Cash (BCH)/AUD
- Litecoin (LTC)/AUD
- Ethereum Classic (ETC)/AUD
- Power Ledger (POWR)/AUD
- Aelf (ELF)/AUD
- Cortex (CTXC)/AUD
- Data (DTA)/AUD
- IOST (IOST)/AUD
The official announcement via Huobi’s website says:
“In the future, Huobi Australia will open more trading pairs to all users so please stay tuned!”
Australia has stringent requirements on cryptocurrency exchanges, similar to Japan.
“For Huobi Group, the move to Australia is a natural fit… We are keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market,” says Adrian Harrison, Huobi Australia CEO.
Huobi’s recent international push is due to many of the other major cryptocurrency exchanges making a push towards foreign markets. Binance announced earlier that it has moved to Malta, and Coinbase, the largest cryptocurrency exchange in the US, is planning on setting up its own Japanese operation.
Huobi Expands Globally
Huobi has its eyes set on multiple markets. Just last week the exchange unveiled its London operations.
Huobi commented on the London market by saying:
“London was selected as the first office in Europe, due to its preeminence as a global financial center and the largest cryptocurrency trading centre in the region with an active blockchain community and fast developing market.”
Huobi Group will also be setting up operations very soon within the US and has newly appointed a CEO to run HBUS. Trading on the new HBUS platform begins on July 10th, and registration for the platform begins tomorrow.
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