One of the world’s largest cryptocurrency exchanges, Huobi is to open its first office in Russia to run a Blockchain project acceleration center, develop local mining hotels and quarries and provide profile training.
The Russian branch of Huobi will open on Nov. 12 at 10:00 a.m. Moscow time, said Sergey Grachev and Edward Chen at the Blockchain Life conference in St. Petersburg.
The company’s website will be localized into Russian, and the exchange will launch a Russian online support service, a call center, and account management.
The Russian office will also be engaged in the development of a Blockchain project acceleration center, which will be aimed at supporting promising Blockchain startups, noted Grachev.
The education program will be run in cooperation with leading Russian universities, including Plekhanov Russian University of Economics and Moscow State Institute of International Relations.
Grachev also said that Huobi’s leading experts will deliver lectures on “civilized” asset management and automated algorithmic trading.
In addition, Huobi will help with creating so-called mining hotels in Russia. These facilities are on the rise in the country now. They offer fairly inexpensive “housing” for small mining farms with no place to be located. Rental rates of these services depend on the mining device’s capacity.
In August, the Huobi Group launched Institutional Trading — an exclusive channel for institutions to provide a safe, compatible and fast input-output of valuable assets.