Huobi’s expansion brings Trading solutions to the UAE
Digital Asset Exchange expands in the region with variety of services for UAE retail and institutional traders
5.2% of the UAE population holds some form of cryptocurrencies encouraging Huobi, a digital assets exchange provider to expand its presence in the UAE and Middle East.
The Huobi Cloud solution offers a white label digital assets exchange with access to over several digital asset pairs, (Order book and liquidity from Huobi) and trading platforms (available on desktop, iOS and Android mobile app), with plans to offer addons to the cloud services in the coming months.
CashU, an online payment provider recently launched its virtual digital assets trading on their mobile app, that is powered by Huobi - allowing their users to trade Bitcoin, Ethereum and other digital assets directly from their mobile phones. Other than spot trading, Huobi offers a mix of products to cater to Institutional customers.
“UAE has shown a great appetite to engage and adopt blockchain technology,” Mohit Davar, Co-Founder, Huobi MENA.
“Our core mission is to enable our users to diversify their investments for a better tomorrow. Today Huobi, provides a variety of digital asset services globally on a uniform platform for crypto enthusiasts to invest all under one secure, convenient and well-established exchange.” He added.