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One of the worldâs biggest crypto exchanges, Huobi, recently revealed a new partnership with an internationally compliant fiat-to-crypto gateway, Banxa. As a result of the collaboration, Huobi will be able to list a number of new fiat currencies to its platform.
Three new fiat currencies for Huobi
According to the exchangeâs press release, Huobiâs partnership with Banxa will allow it to add support for three new fiat currencies to its platform. That includes the Australian dollar (AUD), Euro (EUR), and British pound sterling (GBP).
In other words, Huobi users from the EU, the UK, and Australia will no longer have to use USD to buy crypto. They will be able to do it directly, with their local currencies.
This will bring more flexibility to Huobiâs users, as well as a greater choice when it comes to payment methods. Of course, all of these currencies can be added via a variety of different methods, such as credit cards, debit cards, bank transfers, and more â all with zero fees.
Officials are pleased with the partnership
Huobi Groupâs VP of Global Markets, Ciara Sun, said that the partnership with Banxa will allow Huobi to support three of the most widely-used currencies in the world. This represents a great milestone in Huobiâs own global expansion, Sun concluded.
The move will also help speed up crypto adoption, as digital currencies will become more easily accessible to the users of these currencies.
Banxaâs founder and non-exclusive Chairman, Domenic Carcosa, also commented on the move. He said that Huobi is a first-mover heavyweight, and that its products and services are among the most innovative in the industry. Meanwhile, it is transparent and regulated, which will help drive crypto towards mass adoption, which is also why Banxa chose to partner up with this particular exchange.
The post Huobi partners with Banxa to offer support for more fiat currencies appeared first on Invezz.
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