World’s third largest crypto exchange by trade volume, Huobi recently announced about creating a new digital currency trading marketplace in the US. According to the recent report by Financial Magnates, the platform comes via a newly created company which is called HBUS.
Earlier this week, the San Francisco-based company reported to Medium post about HBUS not being an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. “Nor is HBUS to be referenced as “Huobi US” or any variant thereof. HBUS is the “exclusive US strategic partner of Huobi”, stated the official announcement.
Back on June 5, HBUS indicated the dates of the ‘soft launch’ or pre-registration of the platform. All users were invited to sign up for the period from June 10 to 14, which was announced to be a month of trading with no fees. Meanwhile the official trading is set to be launched on June 15.
At the same time, there is also official information on HBUS company website that states that “overwhelming demand may postpone the launch”. For such case, the users are invited to sign up for a newsletter by the company to the Telegram channel to be notified when the registration opens.
Huobi was founded in China and is considered to be one of the top exchangers in the market today. The major exchanger announced the plans of opening an office in San Francisco back in January this year. Currently the company is headquartered in Singapore with a strong target on overseas markets. The company had also recently revealed its plans to open an office in London as well.
Recently Huobi has been also investing in blockchain startups with the aim to foster collaboration between China and South Korea. The amount of the recent partnership is reportedly worth $93 mln.