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Huobi Debuts Fiat-to-Crypto Trading in US
Huobi.com, a US-based subsidiary of Huobi Global, has just launched USD-to-crypto trading as a result of its partnership with Nevada-based custodian Prime Trust. Hence, Huobi joins a bevy of other exchanges that offer fiat-to-crypto trading.
Alex DovbnyaNew fiat-based trading pairs
The exchange is debuting three new fiat-based trading pairs — BTC/USD, BCH/USD, and USDT/USD. The minimum deposit and withdrawal limit is set at $100. Huobi.com users are required to register with Prime Trust in order to deposit USD to the exchange (completing KYC is required).
Earlier, U.Today shed light on Binance launching its own EUR/GBP fiat-to-crypto exchange in Jersey before recently enabling credit card payments. Hence, Huobi’s expansion beyond crypto-to-crypto trading is seen as a logical step that will help the exchange keep up with competitors.
More partnerships to follow
According to Prime Trust CEO Scott Purcell, the cooperation between them and Huobi is very exciting. Meanwhile, Huobi CEO Frank Fu reveals that similar deals are already in the pipeline since they want to offer more innovative financial services to their customers including ETFs and derivatives. Fu states that they are determined to present ‘highly regarded’ US products to global audiences in the future.
As reported, on Feb. 4, Kraken became the first exchange to offer spot and futures trading.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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