Huobi to Open a New Crypto Trading Market Place in the United States.

Huobi world’s third-largest cryptocurrency exchange is planning to open a new crypto trading marketplace in the United States. The exchange initiated through a newly created San Francisco based firm called HBUS (It is a Silicon Valley-based crypto trading platform).

HBUS, a strategic partner of Huobi

On June 8th, Financial Magnets confirmed the information of Huobi to begin its trading marketplace. HBUS in its medium post says “It is not an arm, subsidiary, division or any type of association for Huobi. it is not referred to as Huobi US or any variant. HBUS is a strategic partner of Huobi.”

HBUS’s medium post of June 5 says to release a soft launch. The pre-registration is dated June 10. The users can sign up between June 10 and June 14. The users can also trade without any fees. The website claims to offer a hundred days of zero-fee trading and Bitcoin prizes for the users who deposit a minimum of $1,000 and accomplish the verification processes.

The twitter post of HBUS states as follows:-

https://twitter.com/hbusofficial/status/1005179916835524609

Recently, Huobi was in headlines for creating its own Blockchain. Basically, it is planning to build its first public and decentralized blockchain by investing 30 million Huobi tokens worth of US$174 million.

Huobi hasn’t made any official announcement for the launch and the website states as follows:-

Due to the astounding demand, the team has postponed the launch to accommodate the account creation requests and deposit volume. The team is grateful for the patience shown by the customers, while they work hard to augment the infrastructure capacity to safeguard a smooth and enjoyable release for the customers.

As compared to other rivalry crypto exchange, Huobi is really doing a great task by expanding its services and featuring new business. According to Coinmarketcap.com, Huobi has managed $780 million for a trade over the past 24 hours.

Huobi was founded in China but later got relocated to Singapore as China banned Cryptocurrencies in the nation. Recently, it announced to open a new trading office in San Franciso. On June 2th Huobi exchange team up with new margin capital and kiwoon securities. Prior to this Huobi release, a crypto exchange-traded fund on June 1st.

WooW!!! Isn’t amazing that Huobi is coming up new plans to explore its services all over the world? Share your reviews through Twitter and Telegram.

Image Source:- Huobi 

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Nazeefa

Nazeefa is a law student and loves Blogging. She does research on the trending topics of Blockchain, cryptocurrencies, and crypto-related assets.

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