Huobi's Expansion Brings Advanced Trading Solutions To The UAE
Digital Asset Exchange expands in the region with variety of services for UAE retail and institutional traders
According to reports1, 5.2% of the UAE population holds some form of cryptocurrencies, indicating a growing interest among people to invest in digital assets. Encouraging Huobi, one of the world’s largest digital assets exchange provider to expand its presence in the UAE and Middle East with its latest range of product offerings.
Huobi Cloud; a one stop customised solution offers a white label digital assets exchange with access to over 450+ digital asset pairs, (Order book and liquidity from Huobi) and trading platforms (available on desktop, iOS and Android mobile app), with plans to offer addons to the cloud services in the coming months.
CashU, a leading online payment provider recently launched its virtual digital assets trading on their mobile app, that is powered by Huobi - allowing their millions of users to trade Bitcoin, Ethereum and other digital assets directly from their mobile phones. Other than spot trading, Huobi offers a mix of products to cater to Institutional customers. Huobi DM is an example, users can make a profit from the rise/fall of digital currencies prices by going long or selling short based on their judgment.
“UAE has shown a great appetite to engage and adopt blockchain technology,” said Mohit Davar, Co-Founder, Huobi MENA. “Our core mission is to enable our users to diversify their investments for a better tomorrow. Today Huobi, provides a variety of digital asset services globally on a uniform platform for crypto enthusiasts to invest all under one secure, convenient and well-established exchange.”
