February 4, 2023

Huobi Russia began accepting deposits in rubles

The Russian division of the Huobi cryptocurrency exchange announced the start of accepting deposits in rubles, as well as plans to launch a platform for initial public offerings (IEO). This is written by CoinDesk.

A statement was made the day before at the Huobi Russia birthday conference.

Deposit processing will be carried out by InfinBank from Uzbekistan, where the exchange company HBRU CIS has received the approval of the local Ministry of Justice, said Vladimir Demin, CEO of Huobi Russia.

Moscow office also launches Huobi RussiaOrigin, its own platform for conducting IEO. Until now, projects that wished to have an initial exchange offering could only do this at Huobi Prime, operated by Huobi Global. With the launch of Russia Origin, Russian projects will receive a separate platform.

Sean Chong, Huobi Cloud Business Development Directorsaid that Huobi Russia Origin will have its own token, the holders of which will receive discounts on commissions. The launch date of the platform has not yet been determined and will depend on the demand for a potential listing.

Vladimir Demin also added that the placement of projects on the platform will be free, but Huobi Russia may offer other paid services, for example, a legal assessment.

Recall Huobi cryptocurrency exchange launchedRussian-language website and local 24-hour support service in November 2018. Shortly afterwards, the Huobi Legal Lab was set up together with Vnesheconombank to provide legal support to companies implementing digital projects.

In the spring of 2019, the cryptocurrency community accused the head of Huobi Russia of large-scale fraud and ties to the OneCoin financial pyramid.