Huobi Thailand is launching a crypto-asset to Baht, Thailand’s national currency, powered by Huobi’s cloud platform. The platform is licensed by Thailand’s Ministry of Finance and will offer regulatory-compliant crypto trading to Thai investors.
Huobi Strengthens its Presence as a Global Brand
Huobi is expanding its reach as a global cryptocurrency business by expanding into S.E. Asian crypto markets, this time in Thailand. Huobi Thailand will be using Huobi’s cloud platform to offer regulatory compliant trading of crypto-assets in Baht.
Trading will initially be offered in BTC, ETH, USDT, and Huobi Token (HT), although future plans include adding a variety of popular crypto-assets to the platform. BCH, BSV, LTC, and XRP are the first coins slated to be added shortly.
Huobi Group’s VP of global business said: “The launch of Huobi Thailand brings us one step closer to our goal and marks a new milestone in our global expansion.”
Huobi’s expertise in the industry allowed them to get the blessing to launch from Thailand’s Ministry of Finance, the nation’s regulatory authority, which granted Huobi a Digital Asset License. Huobi’s native token HT will also benefit, as the first and only HT to Baht market.
Huobi’s expansion into Thai markets also includes plans to offer lending services based on a Source…