Crypto trade big Huobi introduced on Wednesday the launch of a brand new platform, facilitating commission-free digital foreign money buying and selling.
Dubbed Huobi Lite, the Singapore-headquartered firm, launched the platform on each Android and iOS.
Fee-free buying and selling in providing
The platform will help 9 cryptocurrencies – BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC, and HUSD – and has plans to develop the checklist of choices sooner or later.
As detailed within the announcement, the brand new platform will provide crypto buying and selling in opposition to a number of fiat currencies United States greenback, the Vietnamese dong, Malaysian ringgit, Hong Kong greenback, and the Chinese language yuan. It can permit deposits in numerous strategies, together with utilizing bank cards.
The platform can even facilitate commission-free buying and selling for an array of crypto-to-crypto pairs.
Commenting on the brand new platform, Ciara Solar, vice chairman of world enterprise at Huobi, mentioned: “Huobi Lite provides customers a less complicated technique to commerce crypto with out sacrificing the belief, efficiency, and safety they’ve come to count on from different Huobi merchandise.”
“The present course of of shopping for and promoting cryptocurrencies will be unnecessarily advanced for the common individual, so we’re distilling the expertise down to a couple straightforward steps. By decreasing the barrier to entry and catering to each newbies and veteran merchants, we’re vying for mainstream adoption throughout the globe, particularly in underserved markets like Southeast Asia.”
As soon as one of many main Chinese language crypto exchanges, Huobi was exiled as a result of Chinese language in a single day ban on crypto exchanges. It then re-established itself in Singapore and achieved world dominance, and is now increasing its providers past its trade enterprise.
In January the trade launched brokerage providers for the institutional traders and is constructing a blockchain to help decentralized finance (DeFi) functions. The platform additionally provides a white-label answer for native exchanges in some areas to expedite their service providing.