Huobi is one of the top cryptocurrency exchanges in the world. On Thursday, it's Over The Counter (OTC) trading platform it sent out a mailer to its users informing them that they are launching P2P exchange in India.
Some of the benefits of using Huobi OTC:
- Trade safely to get digital assets or INR
- Zero transaction fee for BTC/ETH/USDT trades
- 7*24 Customer Support
- Simply transfer funds to to Huobi global exchange if you want to trade more digital assets with high liquidity.
However at the point it's too early to comment how well this platform will take off. 2 days into the launch of this service there haven't been any takers just yet. The trading volume is nil at press time.
However, I expect to see this grow over a period of time as Huobi has many different tokens (including STEEM) on it's global cryptocurrency exchange platform which every user from India can make use of.
You can head over to https://otc.huobi.pro/#/ and check it out yourselves.
I hope Binance would consider doing the same but if it does many small Indian exchanges might find it difficult to operate as most users who use cryptocurrencies from India are likely to use a binance.com account to trade other cryptocurrencies including STEEM.
Overall these are great moves from the Singapore headquartered exchange!
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