Huobi US Partner to Open a Cryptocurrency Exchange in San Francisco

Singapore based Huobi, one of the world’s largest cryptocurrency exchanges, is set to open a new crypto trading marketplace in the United States.

Huobi was originally founded in China, but has since moved to Singapore during the Chinese government’s banning of crypto-related enterprises. It had first stated its intention of expanding to the US in January of this year, along with expansion plans in South Korea, Japan and England.

The US-based Huobi partner, HBUS, will be based in San Francisco. The company explained,

HBUS is not an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. Nor is HBUS to be referenced as “Huobi US” or any variant thereof. HBUS is the “exclusive US strategic partner of Huobi,” and Huobi is “the world’s leading provider of virtual currency related services.”

Based on the report, HBUS will aggressively partner with blockchain companies and offer various incentives for new customers including Bitcoin giveaways and 100 days of no-fee trading.

Their official Twitter account suggested a soft launch on Sunday, June 10th:

 

Categories Blockchain Cryptocurrency

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