Huobi Debuts Fiat-to-Crypto Trading in US

  • Alex Dovbnya
    📰 News

    Huobi goes beyond crypto-to-crypto trading to secure its place in the sun in the highly competitive industry


Huobi Debuts Fiat-to-Crypto Trading in US
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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.

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New 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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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