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- Huobi Argentine’s new addition to the exchange makes the world’s most popular cryptocurrency and the world’s largest stablecoin much more accessible to its customers.
- Huobi Cloud powers the digital asset exchange, and this provides a strong infrastructure for the company to scale in the country.
- They also plan on bringing margin trading services up to a 5x leverage in order to bring users more versatile investment options.
Singaporean cryptocurrency exchange, Huobi Global, has announced its Argentinian division of the exchange now supports trading pairs of the Argentine Peso (ARS) with Bitcoin (BTC) and Tether (USDT).
Huobi Argentine’s new addition to the exchange makes the world’s most popular cryptocurrency and the world’s largest stablecoin much more accessible to its customers.
Huobi Argentina launched in the last quarter of 2019 in order to cope with the growing Argentinian crypto market demand. Huobi Cloud powers the digital asset exchange, and this provides a strong infrastructure for the company to scale in the country.
When paired with local employees, the company was able to scale and bring in a large number of users quickly. Argentina also boasts one of the highest crypto-adoption rates per capita, with over 16% of Argentinians having used or owned some cryptocurrency.
Huobi hopes to bring a strong and well-built user experience for cryptocurrency trading into the country. Trading cryptocurrencies can be a hassle sometimes with the number of regulatory checks that need to be made to verify users, and Huobi hopes to make this process more user-friendly and accessible to more people using their exchange platform.
VP of Global Business at Huobi Group said on a blog post, “With the new BTC/ARS and USDT/ARS pairing feature.
On Huobi Argentine’s future roadmap also lies their hopes to bring more efficiency into transaction processing and bring real-time trading and withdrawal for fiat from cryptocurrencies. They also plan on bringing margin trading services up to a 5x leverage in order to bring users more versatile investment options.
They also hope to bring other innovative features to the platform and improve UX to make cryptocurrency trading more approachable for those looking to protect their savings from fiat currency volatility and for investors.
Huobi is an industry leader in the cryptocurrency & blockchain sector, and given its major position in the market, it complies with all the local and global know-your-customer requirements and regulations.
This makes Huobi an easy choice for those looking to enter the crypto-trading world, and Huobi Argentine is on its path to leveraging that backbone to become the leading cryptocurrency hub in Argentina and eventually in all of Latin America.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
