Huobi expands into yet another destination

Huobi Global conveyed on 26 June that as part of its plan to expand globally, it would be moving aggressively into the Turkish market in the coming year.

Huobi is one of the world’s leading blockchain company. It provides cryptocurrency trading and management services to millions of users in over 130 countries. Huobi commenced by sharing plans to include localized products and services while also setting up a local office. Huobi expressed that its expansion into Turkey would be administered by Huobi MENA, a branch of Huobi group. Huobi MENA is headquartered in Dubai.

Mohit Davar, Co-Founder of Huobi MENA cited – 

“We are really excited with the response we received from the Turkish community. With their support, we successfully pulled off one of the largest crypto events in Turkey. We’ve already added a Turkish language option to the Huobi Global website and will also be rolling out Turkish language customer support and a Turkish language mobile app. Other than this, we’ve also launched Huobi Tokens for the Turkish users, which gives them access to Huobi Prime and Fast Track. We also hope to have a crypto-to-fiat onramp for Turkish users by the end of the year.”

Huobi Global CEO Livio Weng emphasized on Turkey as an important destination and the need to build the Huobi ecosystem here. Huobi clarified that Livio was part of a Huobi-sponsored meet-up in Istanbul which was well attended by traders, crypto-enthusiasts and blockchain professionals. The event was also attended by the digital economy expert Erkan Öz and cryptocurrency mentor Ismail Hakki Polat.

Huobi added that Turkey suits well as a favorable destination for cryptocurrency proliferation since it has the highest per capita ownership of digital coins.

Huobi sustained by adding that Turkey suits well as a favorable destination for cryptocurrency proliferation since it has the highest per capita ownership of digital coins. Huobi further added that this statistic was in comparison to all other nations surveyed. A staggering 20% or 1 in 5 of all Turkish citizens own some form of cryptocurrency. Huobi backed this number by appreciating the interest and passion shown by the Turkish trading community.

Last week, considering the spiraling nature of the markets, Huobi announced a series of trading fee discounts aimed at both retail and institutional Huobi Token (HT) holders. Huobi indicated that in addition to benefiting the growth of HT tokens, this offer would provide other benefits.

Huobi also looked forward to soaring high and mark its presence in Romania. Huobi conveyed that at the interest of the Romanian government, Livio Weng delivered a keynote speech in Bucharest’s Palace of the Parliament, part of the 2019 Romania Blockchain Summit. Livio opined that they were pioneers in blockchain space even if the future changes were unclear.