According to a report, the third largest cryptocurrency exchange based on trade volume Huobi has created a new platform which happens to be a trading place for cryptocurrencies. This new platform is set to be launched in the United States. This new platform called "HBUS" is based in Francisco. According to the official website of the platform, HBUS is not a subsidiary or an arm of the Huobi Group. The website went further to state that the newly developed platform should not be referred to as "Huobi US", but should be seen as a strategic partner of the Huobi Group in the United States.
According to the official website that has also been seen on various crypto websites, the pre-registration or the soft launch of this platform is set for June 10, 2018. According to the reports, all those who sign up or pre-register between June 10 and June 14th will be entitled to a month of trading without having to pay for trading fees on the platform. The official trading on this platform will commence on the 15th of June 2018. The website of this newly developed platform went further to state that if there is an outrageous or overwhelming demand, they will be forced to postpone the official launch of this trading platform. The website went further to inform all prospective users to sign up and fill in for its newsletters and also follow their Telegram channel to ensure that they are notified when the official registration kicks off.
Huobi Group for a long time has revealed its intentions of opening an office in the United States. This Singapore based cryptocurrency exchange that was founded in China has for a very long time been targeting overseas markets. First it launched a subsidiary in South Korea and went further to announce to open a new office in London.
The United States security commissions have put a lot of pressure on all exchanges based in the country. To ensure that this trading platform does not fall on the wrong side of the law, the website of this newly developed platform HBUS went further to state that they have educated their employees' in counter-terrorism and also anti-money-laundering. The website went further to state that all employees' have been tested and have also passed on these subjects and concerns.
The creation of this new platform by the Huobi exchange shows that the exchange is keen on ensuring that it becomes one of the best and also compete with leading exchanges like OKEx and Binance which are the two top exchanges based on trading volume The Huobi exchange recently launched a new platform that happens to be a traded fund exchange. This new platform called "ETF" divides the ownership of digital assets into various shares which users can purchase to own a certain amount of digital assets.
The HBUS platform has ensured that users who registered early would get a month of free trading if they happen to register between June 10th and 14th 2018.