Huobi rolls out crypto trading app for the Russian market

By Megha Bhattacharya

Digital asset exchange Huobi Global recently released a native mobile app for the Russian market. The new mobile application will be available for iOS and Android and will allow Russian users to access Huobi’s spot market and trade digital assets and cryptocurrencies via an intuitive mobile app. The company aims to expand its market share by offering locals with a transparent trading service delivered in a mobile format.

“Despite recent speculation about new crypto regulation in Russia, we’re fully committed to this market and moving full steam ahead to give local users a more intuitive way to buy and trade crypto from their mobile devices,” said Ciara Sun, Vice President, Global Markets at Huobi Group.

Huobi stated that users could access a wide variety of trading pairs, including LTC/BTC, ETH/BTC, BCC/BTC, BTC/USDT, etc., and trading methods, such as limit and market orders. The app also provides users with real-time prices, professional candlestick charts, price alerts, expedited fund availability, and 24/7 customer support.

Sun added, “Russia is leading the region in terms of crypto adoption, but it still has a long way to go before it reaches mainstream adoption. With a population of over 144 million people, Russia presents a major growth opportunity for Huobi. For 2021 and beyond, we’re aiming to empower 100 million households worldwide to own digital assets, and we see Russia playing a crucial role in this vision.”