Singapore-based cryptocurrency exchange Huobi has opened trading on its HBUS exchange service in the U.S. The platform launched real-time trading, supporting 22 cryptocurrencies, including Bitcoin (Bitcoin), Ethereum (ETH/USD), Litecoin (LTC/USD), Ethereum Classic, Bitcoin Cash (Bitcoin.Cash), Tether and others.
Why it is important
- Representatives of San Francisco-based HBUS explain that their partner Huobi has gradually become one of the world's largest marketplaces for digital assets which would help them in addressing the incredibly high demand for currencies in the U.S.
- Such cooperation will give impetus to the development of an open and competitive market in the country, providing users with an alternative service. The company promises users an intuitive interface, as well as a wide range of digital currencies.
HBUS stresses that it will strictly abide by all the requirements of regulators to combat money laundering and the financing of terrorism. All users of the trading platform will have to undergo mandatory identification.
In addition, HBUS has not opened trade for residents of some states such as Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont and Washington. Most likely the platform is awaiting for approval of local watchdogs.
Earlier, it became known that Huobi expands its presence in international markets by opening an Australian site with bidding starting on June 5. The New platform provides an opportunity to trade ten cryptocurrencies paired with the Australian dollar.
By Ekaterina Ulyanova