Business 11 July 2018Gerald Fenech
Crypto exchange Huobi expands on US soil with HBUS
Chinese cryptocurrency exchange Huobi is experiencing something of a renaissance of late and it now intends to spread its wings in the United States. HBUS, a virtual currency marketplace and the U.S. strategic partner of Huobi, announced it has started accepting new user registrations by U.S. residents. This landmark move should see a considerable increase in business for the formerly beleaguered exchange that suffered considerably from the Chinese crackdown on cryptocurrencies last year.
Starting July 6, HBUS users will be able to begin depositing BTC, Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Tether (USDT), Civic (CVC), DASH, TrueUSD (TUSD). Users who sign up between 10:00 AM on July 06, 2018 (PT) and 11:59 PM on July 09, 2018 (PT) will enjoy 30 days of zero-fee trading, and can win up to 0.1BTC as well as 100 days of zero-fee trading.
The marketplace went live on July 10, following registration, at which time users will be able to trade and withdraw their funds.
As the exclusive U.S. strategic partner of Huobi, one of the world’s leading blockchain asset solutions providers, HBUS strives to be a reliable and efficient marketplace for a rich selection of high-quality virtual currencies, permitting traders to be part of the open and competitive market that discovers blockchain assets with genuine potential to revolutionize the future of finance.
Through HBUS.com, traders will be able to view market data of virtual currencies listed, including candlestick and depth charts. Trading pairs and the platform’s full feature set will be announced at launch. Trading pairs will be listed on HBUS when it activates trading on July 10th, 2018.
HBUS does not currently serve residents in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington. For more information one may visit the Huobi website. The Singapore-based cryptocurrency exchange is certainly going places with this strategic move in the United States. It is not yet known whether the U.S.-China trade wars will be having any effect on this ambitious move by Huobi.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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