Popular Singapore-based crypto exchange Huobi has just announced its expansion to Argentina through the launch of a crypto trading platform in the South American country.
According to the press release shared with Ihodl, the exchange branch in Argentina will add support for a fiat-crypto gateway in October, which will allow its users to buy cryptos through credit cards, bank transfers and other payment methods.
The exchange, called Huobi Argentina, will allow its users to buy cryptos with the Argentine peso.
According to Huobi, the company has decided to launch a branch in Argentina for two reasons. Firstly, because the country has always shown a positive attitude towards tech advances. And second, because the residents in the country are looking for alternatives to their local currency, which is suffering a major devaluation.
According to data from Statista, Argentina ranks 4th in terms of crypto adoption worldwide.
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