Crypto Exchange Huobi Opens Office In Russia

Announcements, Blockchain, News | December 10, 2018 By:

Cryptocurrency exchange Huobi has announced that it officially launched its first Russian branch on December 6.

The announcment came after Huobi reported earlier this year that it partnered with five firms to launch crypto exchanges in five countries – the Philippines, Russia, Taiwan, Indonesia, and Canada – through its Huobi Cloud, a platform that enables users to build their own Huobi-like digital currency trading platforms, which include wallet and asset-management clearing functions.

In Russia, Huobi partnered Vnesheconombank (VEB), a Russian government-owned development bank, to established a Moscow-based exchange called Huobi Russia. Huobi Russia and Huobi Cloud reportedly collaborated with the VEB Digital Transformation Center in the fields of training, legislative & regulatory initiatives, and blockchain research.

“The launch of Huobi Russia will bring the Huobi’s leading technology and trading expertise to Russian users,” said David Chen, Huobi Senior Business Director. “Huobi Russia gives Russian traders and cryptocurrency enthusiasts access to Huobi’s unmatched safety, stability, and user experience.”

In addition to crypto trading services, Huobi Russia is also planning to provide blockchain and business development services for local Russian users, such as education, project management, and negotiating deals.

Demin Vladimir Igorevich, chairman of the VEB Innovation Fund, said that Russia is actively promoting the blockchain market and VEB seeks to play an important role as a leader in blockchain research and legislation.

“In the field of digital asset trading, Huobi is one of the world’s largest digital asset trading platforms, with advanced technology and mature experience, security, and trading experience,” said Igorevich. “VEB will continue to expand and cooperate with Huobi in the fields of development and education.”