Huobi’s Cryptocurrency Exchange HBUS Has Opened for Business in the U.S

| Updated
by Sofiko Abeslamidze · 3 min read
Huobi’s Cryptocurrency Exchange HBUS Has Opened for Business in the U.S
Photo: HBUS / Twitter

The Singapore-based cryptocurrency giant Huobi has become a strategic partner of the recently launched U.S. trading platform named HBUS.

The other day Coinspeaker reported the world’s fourth-largest cryptocurrency exchange Huobi has introduced a newly launched Australian trading platform. The platform branded HuobiAU is now available for Australian investors offering best-in-class digital services for a cryptocurrency trading. The platform has started trading major cryptocurrency such as Bitcoin (BTC) and Ethereum (ETH) but as the time unfolds, it will broaden the list of its offerings.

Yet it seems like Huobi that already has planted offices in over 130 countries across the globe is not planning to stop its mass expansion. Inspiring by the idea to bring cryptocurrencies and underlying blockchain technology to the mainstream adoption, Huobi opens its related exchange platform HBUS in the U.S. Notably this move gives Huobi the keys to another strategic cryptocurrency market.

Although HBUS does not formally operate under the Huobi brand, it is the U.S. exclusive partner of the Singapore-based trading giant. Alike the other Huiobi-linked cryptocurrency exchanges, HBUS strives to be a reliable and efficient marketplace for a rich selection of high-quality virtual currencies enabling users to participate into open and competitive market that discovers blockchain assets with genuine potential to revolutionize the future of finance.

In his statement the newly assigned CEO of HBUS, Frank Fu said:

 “Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors‘ acceptance of virtual currency and digital asset increases, we have seen incredibly high demand in the U.S. We are excited to launch as Huobi’s strategic partner, to serve the growing number of people participating in virtual currency trading.”

The recently published press-realize reveals BTC prizes and a zero fee trading promotion provided to celebrate the launch of HBUS. According to the official website, users need to sign up for the platform between 10:00 AM on July 06, 2018 (PT) and 11:59 PM on July 09, 2018 (PT) in order to enjoy 30 days of zero fee trading. Bitcoin prizes, in turn, will be distributed to registered users based on the time of completion of the deposit and verification tasks.

HBUS has begun accepting new registration from U.S. residents starting on July 6, 2018. After a successful signup for the platform, American customers will be able to deposit cryptocurrencies such as Bitcoin and Ether on its platform. However, users are not allowed to trade or make withdrawals until the marketplace goes live on July 10, 2018.

Like many U.S. exchanges, HBUS is based out of San Francisco, and it will at launch support nine major cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Tether, and Civic. Crypto traders familiar with the matter will notice the list lacks the eponymous Huobi token, which the firm launched in January and has said will serve as the basis for its future next generation financial protocol.

For foreign platforms, an expansion into the U.S. places stringent requirements for them to comply with strict regulation. HBUS has numerously stressed its desire to be transparent and trustworthy to both its clients and regulators. The company plans to lead by example as it has educated its staff on Anti-Money Laundering and Counter-Terrorism Financing obliging them to pass tests on the subject matter.

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