The Huobi Group recently announced the next step of their aggressive expansion plan- the opening of Huobi MENA.
Huobi MENA is a new cryptocurrency exchange, based in Dubai, which will provide a variety of digital asset services to regions spanning over 20 countries home to some 400 million residents. The move aims at providing a uniform platform for crypto enthusiasts to execute many functions all under one secure well-established exchange.
The exchange is currently live and in operation and accessible via this link.
Huobi MENA
Announced at the ‘World Blockchain Summit’ in Dubai, Huobi Global’s new exchange has expanded into the Middle East and Africa, aiming to ‘replicate its successful experience of eco-system building.’ Co-founder of Huobi MENA, Mohit Davar, stated:
“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.”
The expansion into the Middle East and Africa continues the recent trend of Huobi’s development worldwide. The move is no doubt part of an overall broader strategy to continue to enhance the Huobi Global presence globally; an approach which has already has seen the group already establish operations in Brazil, Canada, and Japan.
The announcement also included Huobi MENA’s establishing partnerships with local companies such as AI Trader, who offer artificial intelligence based digital asset trading solutions, further explained through the official blog post. The blog also states the:
‘intention for further partnerships with other big names in the blockchain industry to offer regional traders a safer, faster and more convenient trading experience.’
Foundations For Success
Using Huobi’s already proven formula for establishing and maintaining a digital asset services ecosystem, Huobi MENA is created with the platform to develop new funding and partnerships with several regional blockchain companies. Services to be provided by Huobi in the regions include token-to-token trading, community development combined with an incubator for blockchain projects and an education center.
The combined markets across the regions are one of tremendous size, and Huobi Mena will allow years of blockchain and cryptocurrency experience to ensure maximum chances of success in the market-space.
➡️There are several different currencies and market architectures across the new expansion regions, subsequently leading to many difficulties completing transactions across the numerous areas for customers- so by having Huobi MENA as one base for cryptocurrency activities allows for optimal executions and effectiveness for the residents using the exchange.
➡️The Huobi MENA announcement arrives hot on the heels following the launch of Huobi’s very own stablecoin the HUSD- which allows the support of a variety of stablecoins, including, PAXOS, GUSD, TUSD and USDC.
World Blockchain Summit Dubai
The World Blockchain Summit in Dubai (WBSDubai) was held at Jumeirah Emirates Towers Hotel from 24th-25th October and was a conference with attendees consisting of crypto influencers, industry speakers, founders, advisors, advocates, and even a supermodel- Nikita Sachdev to talk about a variety of topics in blockchain.
Huobi MENA’s Co-Founder and Director, as well as a serial entrepreneur himself, Mohit Davar was invited to speak at the event. Mr. Davar is also the chairman of the International Money Transfer Network.
To Conclude
This is undoubtedly even more exciting news for Huobi Global. Their continued expansion only further consolidates the company’s position as a proactive and progressive digital asset organization. The venture into these new regions allows Huobi MENA to consolidate future adoption of cryptocurrency in these countries and a foundation in which residents can enjoy great benefits.
There will be challenges, of course, Africa’s adoption of cryptocurrency has been particularly slow, however many nations there has recently announced partnerships with a variety of cryptocurrency companies. Also operating in so many regions will likely be logistically challenging in a regulatory sense. However countries like Dubai have shown a great appetite to engage and adopt blockchain technology, and over time any concerns will be sufficiently resolved 🤘.
More on the Huobi MENA project and all other Huobi related services can be accessed through this link
#HuobiMENA #WBSDubai #WorldBlockchainSummitDubai #MrMohitDavar
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