Huobi Global, one of the world’s biggest crypto-exchanges, is preparing to launch in Australia, and Adrian Harrison, chief of the local operation, says the forward-thinking regulatory landscape here puts the country at the forefront of the crypto-movement.
Domiciled in Singapore, Huobi provides exchange trading for cryptocurrencies, with 150 coin pairings available. According to Harrison, the exchange is “consistently in the top three in the world, in terms of volumes”.
In February, Huobi raised $US300 million ($406.7 million) through the launch of its own Huobi Token, which allows exchange users to benefit from discounts in fees.
It launches in Australia on July 5, and will start by listing Australian dollars against a range of cryptocurrencies, before building up its offerings over time and eventually offering coin-to-coin trading, too.
Although Harrison acknowledges that globally, the industry is at a bit of a low point — the price of Bitcoin has dropped by more than 50% since the start of the year — he stresses cryptocurrency is in very early days. Read more
Stephanie Palmer-Derrien – Smart Company – 28 June 2018