Huobi US, Huobi Global’s San Francisco-based crypto exchange that was formerly branded as HBUS, has announced the launch of U.S. dollar trading pairs.
USD #Fiat Trading Pairs are now available on the Huobi marketplace! Set up a USD wallet and receive 20 USDT. Trade USD/ETH, USD/BTC and USD/USDT! Sign up for the Huobi marketplace now: https://t.co/vHDjChNfKh pic.twitter.com/nPHAv6ozgR
— Huobi US (@Huobi_US) February 5, 2019
According to the announcement, Huobi.com customers can now make USD deposits and withdrawals ($100 minimum), and trade against Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). To open a USD wallet, customers must pass level 2 verification and create an account with Prime Trust.
“Our vision is to provide a comprehensive global platform that serves all the needs of digital asset traders, starting with the U.S.,” said HBUS CEO Frank Fu. “We know that advanced security practices, dedication to U.S. compliance, and quality assets will be key considerations for attracting new retail and institutional customers. Today marks a major milestone for our team and our customers as fiat-to-crypto trading commences.”
This news comes after recent reports showed that Huobi Global earned 545.2 billion won ($483.9 million) in commission income last year, surpassing both Binance ($463.9 million) and OKEx ($293.4 million).
Huobi also recently launched a new derivatives market (Huobi DM), which recently saw its trading volume surpass $20 billion after launching at the end of last year. Huobi DM currently offers long and short positions for Bitcoin, Ethereum, Litecoin (LTC) and EOS (EOS).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.