Crypto Exchange Huobi Launhes Trading Platform In Australia

Announcements, News | July 6, 2018 By:

Cryptocurrency exchange Huobi has announced that trading has started on its new Australian platform.

Huobi, which has offices in Hong Kong, Korea, Japan and the US, is the world’s third largest cryptocurrency exchange by daily trading volume. Its new trading platform, Huobi Australia, went live on July 5. The platform supports ten cryptocurrencies for trading against the Australian dollar, including bitcoin (BTC), ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), PowerLedger (POWR), Aelf (ELF), Cortex (CTXC), DATA (DTA), and IOS token (IOST). The new platform plans to support more trading pairs in the future.

Huobi also announced its partnership with Blockchain Global, an Australia-based a blockchain and crypto firm, to develop and foster the adoption of cryptocurrencies to Australians.

“The strategic alliance with Huobi Australia represents our journey towards fostering the mainstream adoption of cryptocurrencies and blockchain technology, in Australia and around the world,” said Blockchain Global CEO Sam Lee.

Huobi said they are also interested in collaborating with other Australian blockchain projects. The company will use its $200 million Global Ecosystem Fund and its consulting service to “partner with the growing numbers of Australian blockchain projects” who are looking to expand in the Australian market.

“Crypto-traders in Australia are increasingly knowledgeable and sophisticated, matched by a receptive regulator with interest in safely developing the market,” said Adrian Harrison, CEO of Huobi Australia. “For Huobi Group, the move to Australia is a natural fit for our technically robust platform. We are keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market.”