Huobi moves to conquer the Russian market with a new trading app

Huobi launches new fiat-to-crypto subsidiary, Huobi Indonesia

One of the world’s leading crypto exchanges, Huobi Global, just released an application that will allow it to create a greater foothold in the Russian crypto market. The app, native to the Russian market, is available for both, Android and iOS., thus allowing Russian users access to hundreds of different coins and tokens.

The Russian market is brimming with potential

While the world is getting more and more versed in cryptocurrency, there are still plenty of markets across the globe that would be considered emerging. The Russian market is one of them, as it only recently passed the bills that brought some clarity, and made the use and ownership of cryptocurrency in the country legal.

Furthermore, a recent analysis found that Russia is one of the leaders in crypto adoption, although it is still far from mainstream adoption of cryptocurrency.

Russia is also one of Huobi’s key markets in the European region, with Russians being responsible for approximately 10% of Huobi’s trading volume. With a new mobile trading app, the exchange hopes to further boost that metric, and introduce more Russian people to the crypto industry.

Details about the app

Its new app is rather transparent and safe, with a professional, but still easy to use interface.

Of course, the crypto situation in Russia is still far from perfect, and a lot is left to be speculated about. However, Huobi Group’s Vice President, Ciara Sun, noted that the exchange is fully committed to the market, despite the uncertainty.

The app allows users to trade multiple different pairs, many of which are against Bitcoin. For example, there are BTC/USDT, LTC/BTC, BCC/BTC, ETH/BTC, and more. There are even limit and market orders to help investors secure their funds, minimize losses, and boost their profits as much as possible.

The post Huobi moves to conquer the Russian market with a new trading app appeared first on Invezz.

Publication date: 
09/28/2020 - 09:58
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