Singapore-based cryptocurrency exchange Huobi expanded its operations to Australia by launching its digital asset exchange there. It has partnered with the local blockchain and crypto industry leader Blockchain Global to offer digital asset services to the Australian investors.
Huobi Australia officially started trading at 10:00 AM local time on July 5. The exchange is offering ten pairs initially for the Australian dollar, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC) and Bitcoin Cash (BCH).
The exchange, the world's fourth largest crypto exchange by trade volumes, said it will in future open more trading pairs to all users.
Huobi Australia is now open for cash and digital asset withdrawals. Users who completed registration, passed KYC verification and met the deposit requirements before the cut-off date are eligible for 30-days free trading offer from July 5 to August 4.
South Bank, Victoria-based Huobi Australia is registered with the local regulatory body Australian Transaction Reports and Analysis Centre (AUSTRAC).
Huobi, with over 5 million users globally, has operations in Hong Kong, Korea, Japan and the U.S. Last week, it also launched its London to make an entry into the European market.
Huobi, which boasts of an international multi-language digital currency trading platform,has recently established a South Korean subsidiary.
It has also entered in to Brazilian crypto market by opening an office in São Paulo city.
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