Large cryptocurrency exchange Huobi Global is expanding its presence in Russia by deploying for users of the country of the mobile application.
Russian users can now access the Huobi spot market and trade cryptocurrencies such as Bitcoin (BTC) through their mobile app.
You can download the application on the official website of the Huobi exchange https://www.huobi.com/
Introducing the application in Russia, Huobi wants tofurther expand in one of the most important markets. According to a representative of the exchange, Russian users account for up to 10% of the total volume of Huobi spot trading.
Vice President, Global Markets, Huobi GroupCiara Sun noted that the strengthening of Huobi's position in the Russian market is being carried out despite the existing problems with the regulation of cryptocurrencies in the country, in particular, with the adoption of the new law "On Digital Assets":
“Despite rumors of new tough regulationcryptocurrencies in Russia, we are fully committed to this market and are doing our best to provide local users with a more intuitive way to operate cryptocurrency from their mobile devices. "
Unlike other major crypto exchanges, Huobi does notsupports the fiat currency of Russia - the ruble, unlike the largest crypto-exchange Binance, where the ruble has long been added to the number of supported fiat currencies.
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