December 5, 2023

Huobi will launch a local exchange in Argentina

Huobi will launch a local exchange in Argentina
Huobi Launches Huobi Argentina Exchange

Huobi Group, the parent company of the Huobi cryptocurrency exchange, has announced the officiallaunch of Huobi Argentina. 

Launch of Huobi Argentina

Huobi Argentina will launch in mid-Octobera local cryptocurrency exchange with a fiat gateway for exchanging Argentine pesos for cryptocurrencies using credit cards, bank transfers and digital payment services.

"Argentina is the most promising market for the development of blockchainBlockchain
- It is a continuous and sequential block chain of information (digital linked list). When building a blockchain chain, copies of related blocksBitcoin block
is an element of the blockchain chain, a set of records of completed transactions in a cryptocurrency network.More details are stored on multiple computers at the same time.More details in South America.Already existsThe general consensus to move away from dependence on local currency and banks, with Huobi's entry into the market, is a great opportunity to move to blockchain and crypto in Argentina."
"In the future, we will be able to meet the needs of our customers," said Carlos Banfi,  CEO of Huobi Argentina.

  • The launch of Huobi Argentina comes months after Changpeng Zhao, CEOBinance,  hinted that Binance plans to launch a crypto fiat exchange in Argentina.
  • Argentinean government has recently stepped upits efforts to limit the outflow of capital from the country. Earlier this month, the Central Bank of Argentina issued a statement restricting individual Argentines from buying more than $ 10,000 per month.