Third Largest Crypto Exchange Huobi Creates New Platform in USA

Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th.

The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week:

“...is not an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. Nor is HBUS to be referenced as “Huobi US” or any variant thereof. HBUS is the “exclusive US strategic partner of Huobi.”

Official trading is set to launch June 15, although HBUS’ website suggests that “overwhelming demand” may postpone the launch, and appeals to the public to sign up for a newsletter and its Telegram channel to be notified when registration opens.

Huobi, originally founded in China, first revealed its plans to open an office in San Francisco in January this year. Now headquartered in Singapore, the exchange has been vigorously targeting overseas markets, launching a South Korean subsidiary, as well as announcing plans to open an office in London.