August 4, 2020

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, announced the official launch 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 aboutcompleted transactions in the cryptocurrency network. More details are simultaneously stored on many computers. More details in South America. There is already a general consensus to stop dependence on local currencies and banks, with Huobi entering the market, this is a great opportunity to move to blockchain and crypto in Argentina. "
Said Carlos Banfi, CEO of Huobi Argentina.

  • Huobi Argentina launched a few months after Changpeng Zhao, CEO of Binance, hinted that Binance plans to launch a cryptocurrency 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.