Huobi May Open Office in Brazil

As reported, exchange is marketing its platform in the country, while attempting to hire regional staff
31 May 2018   763

The third largest exchange Huobi plans to open an office in Brazil's São Paulo. This is reported by CCN with reference to the local media Portal do Bitcoin.

According to a local source, the management of the Huobi exchange is looking for personnel for the new unit. Also, the publication reports that representatives of Huobi were seen during the talks "with well-known personalities of the Brazilian market." In addition, as part of the work on the forthcoming expansion of activities, the trading platform already uses the workspace from the famous WeWork coworking network.

Among other things, the Singapore-based exchange posted on the LinkedIn an application stating that Huobi needed a senior compliance officer who would oversee the company's operations, detect violations and illegal activities. Another announcement says that Huobi is looking for a candidate for the position of digital marketing manager.

Company has already started expanding to Canada as it sees it “emerging as a leading blockchain nation."

Huobi to Join Forces with Prime Trust

As reported, HBUS will allow users to trade BTC, ETH and USDT together with the USD
06 February 2019   194

The US subsidiary of the Huobi Group - HBUS Exchange, - has entered into an agreement with a financial company from Nevada Prime Trust to support the input / output of fiat funds, reports CoinDesk.

HBUS will allow users to trade Bitcoin, Ethereum and Tether USD together with the US dollar.

At the same time, Frank Fu, HBUS CEO, stressed that the company intends to conclude several more deals in the United States.

At this stage, HBUS intends to work with institutional clients and ensure legal compliance of its activities, after which it will start working with a wider audience. In 2019, the company also plans to increase its staff to 150 employees.

According to Fu, about 60,000 US residents and several dozen users from China are registered with HBUS.

In the listing of the platform there are such coins as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic and Tether USD. However, its representatives are considering the possibility of adding other tokens in the future.

As reported, Huobi’s new global asset flows could indirectly give Chinese traders the ability to convert yuan for cryptocurrency through Huobi Global’s OTC desk, then send the cryptocurrency to the U.S.-based exchange to cash out in USD.

It is also worth mentioning that the Australian Goldfields Money is the banking partner of Huobi Global.

Huobi became the leader in commission fees among Bitcoin exchanges in 2018. She earned $ 483 million.