Huobi Launches Crypto Exchange in Australia
Representatives of the Chinese crypto exchange Huobi said that they launched trading on their new Australian platform. According to the Coinmarketcap resource, the exchange rate for Huobi Australia ranks fourth in the world. At the same time, the daily trading volume is up to 713 million US dollars. Initially, the new exchange will offer ten trading pairs for the Australian dollar. Trades can be conducted with such digital assets as Bitcoin, Ethereum, Litecoin, Ethereum Classic and Bitcoin Cash.
The message on the site Huobi says:
“In the future, Huobi Australia will open more trading pairs to all users."
The transition of large cryptocurrency exchanges to foreign markets is explained by the fact that such companies pursue a global base of investors. So, for example, the well-known Binance trading platform, the trading volume at which is about 1.3 billion US dollars "moved" to Malta, which also had a positive impact on its interaction with European users. Speaking about the Coinbase exchange, it is already clear today that it is looking towards the development of its activities in Japan.
It is worth saying that, like Japan, Australia makes strict requirements to the work of crypto exchanges.
The CEO of the Australian unit Huobi, Adrian Harrison said:
“Crypto-traders in Australia are increasingly knowledgeable and sophisticated, matched by a receptive regulator with interest in safely developing the market.”