Huobi Exchange To Expand Into Middle East, Africa, South Asia

Announcements, Blockchain, Event | October 27, 2018 By:

Huobi MENA co-founder Mohit Davar said Huobi Global’s plans to expand into the Middle East, Africa, and South Asia markets.

“We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia,” said Davar, speaking at the World Blockchain Summit. “As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here.”

Davar said the Singapore digital assets exchange has established a Dubai-based operations team to cover the three regions in order to replicate its successful ecosystem model. In total, this will include OTC trading, token-to-token trading, blockchain projects incubation, community development, and an educational center. Token-to-token and OTC trading is already live via a beta version. The end goal will be to provide safe and reliable digital asset trading services for millions of regional users in the Middle East, Africa and South Asia.

Huobi MENA is in the process of establishing partnerships with regional players, starting with AI Traders, an artificial intelligence digital asset trading solutions company. The company claims it is in discussions for partnerships with other big names in the blockchain industry.

The World Blockchain Summit, held in the Jumeirah Emirates Towers, has more than 1,000 participants.


About Huobi Group:

Consisting of ten upstream and downstream enterprises, Huobi Group is the world’s leading blockchain company. Establishment in 2013, Huobi Group’s accumulative turnover exceeds $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries.