Huobi Global latest milestone in its global expansion plan is the launch of Huobi MENA, the subsidiary for traders and investors from the region which comprises more than 20 countries and about 400 million people. This is a very encouraging move by one of the most trusted and professional cryptocurrency exchanges today. Huobi Global will utilize its experience in cryptocurrency space to create a reputable access for an undeserved but very promising market. The big picture impact of this move is accelerating blockchain adoption to marginalized markets by making it easy to move from the traditional financial world into cryptocurrency, previously the reserve of over the counter platforms like LocalBitcoins. Now, traders have access to a wider variety of cryptocurrencies.
The adoption of cryptocurrencies opens new possibilities for money transmission and cross-border payments for trade in the region which lacks a regional currency like the Euro. Emerging issues such as unstable political climate in the past decade has created demand for an alternative store of value to property which is destroyed or stolen or fiat money which can be devalued or used as a system of control by governments. For both of this uses, cryptocurrency can plug in easily as a suitable solution.
World Blockchain Summit Dubai
The announcement was made at the World Blockchain Summit in Dubai, between October 24 and October 25 at Jumeirha Emirates Towers Hotel in Dubai. The World Blockchain Summit is a series of gatherings around 15 locations globally including Toronto, Nairobi, Amsterdam, Kuala Lumpur and Riyadh. Attendees at the event include players and stakeholders in the cryptospace: speakers, advisors, influencers and even the supermodel Nikita Sachdev.
Some of the government delegates at the event include:
At the event, Huobi was represented by Mr. Mohit Davar, co-founder and director of Huobi MENA, chairman of the International Money Transfer Network and a serial entrepreneur. Mr. Mohit was a speaker at the event, a perfect platform for launching the exchange. The convention covered various topics about the state of blockchain today with a particular focus to emerging markets such as Middle East and Northern Africa. As such it was a strategic networking opportunity to meet up with players who might be interested in collaboration to make Huobi MENA a successful.
Huobi MENA will be headquartered in Dubai and to reinforce the move, this is what Mr. Mohit Davar had to say:
“We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here.”
- Mr. Mohit Davar
Huobi MENA
Huobi MENA is already live at www.huobimena.com.
There are over 100 coins that are available for trading, across multiple pairs, with high liquidity and tight spreads. Keeping up with standards, traders are also able to interact with the API to automate their trading experience while enjoying bank-grade security. There is a live 24/7 customer care desk to attend to any hitches you might experience as you use the exchange.
Huobi Global
Huobi Global is one of the biggest exchanges today, consistently top 3 in liquidity, across more than 100 cryptocurrency assets. Today, Huobi serves traders from more than 100 countries around the world. You can access Huobi services from the website on your laptop or from their android application Huobi App.
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Full disclosure: This article is not intended as investment advice. It is just my personal opinion on Huobi. You should always do your own research. Huobi Global rewards me for writing this article and supports me for ventilating my own personal opinion.
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