Huobi’s Expansion Brings Crypto Trading Solutions to UAEby Company Announcement 1. November 2019
According to reports, 5.2% of the UAE population holds some form of cryptocurrencies, indicating a growing interest among people to invest in digital assets. Encouraging Huobi, one of the largest digital assets exchange provider to expand its presence in the UAE and Middle East with its latest range of product offerings.
Huobi Cloud; a one stop customised solution offers a white label digital assets exchange with access to over 450+ 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.
Online payment providers across the MENA region use the Huobi platform to offer virtual digital assets trading for their users on their apps, to trade in 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. Huobi DM is an example, users can make a profit from the rise/fall of digital currencies prices by going long or selling short based on their judgment.
“UAE has shown a great appetite to engage and adopt blockchain technology,”
said 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.”