Huobi Crypto Exchange Expands Its Presence in Australia
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Crypto exchange Huobi opened a new platform with the ability to trade ten cryptocurrencies paired with the Australian dollar, according to its Twitter account.

Why it is important

  1. Huobi expands its presence in international markets by opening an Australian site.
  2. Official bidding on Huobi Australia started on June 5. Bitcoin (Bitcoin), Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash (EXANTE: Bitcoin.Cash), Ethereum Classic (ETC/USD), Power Ledger, Aelf, Cortex, DATA and IOST are supported by the service. Trading pairs between cryptocurrencies are not represented there. In the future, it is planned to start trading with other currencies.

Representation of the platform in Australia will work under the crypto regulation, which has been operating in the country since April.

This month, Huobi Pro crypto exchange will suspend its service for traders and investors from Japan. A major trading platform was not licensed by the Financial Services Agency (FSA) of the country.

Japan Expels Huobi

Earlier in June, Huobi began operating in the United States. The crypto exchange also announced plans to open its office in Brazil.

By Ekaterina Ulyanova

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