On Friday, July 6, HBUS, a crypto exchange Firm and U.S-based strategic partner of Huobi announced that it would launch its services to US crypto traders. The announcement follows a recent quant trading event during which Huobi introduced its Global Elites Program in the Netherlands.
HBUS Opens to U.S. Citizens
The marketplace will be launched on the 10th of July. HBUS has a promotional offer for customers who register before the 9th of July. Although the Exchange platform was slated to go live on 15th of June, the launch date was rescheduled due to high demand. In their report “In HBUS We Trust”, the company stated that all of its staff had been trained and vetted based on the standards of Counter-Terrorism Financing (CFC) and Anti-Money Laundering.
Registration of new users and deposits of cryptocurrencies commenced on 6th of July. Users will have the liberty to trade up to nine cryptocurrencies including Ether, Bitcoin, Bitcoin Cash, and many others ranked #128 by market cap. Additionally, HBUS will support two stablecoins: True USD (TUSD) and Tether (USDT).
HBUS’ CEO, Frank Fu, acknowledged that their strategic partner, Huobi, had transformed into one of the most influential digital asset marketplace in the world. HBUS has recorded incredible high demand in the U.S as the number of investors who accept cryptocurrencies increases. Mr Fu stated that HBUS was thrilled to partner with Huobi and serve the ever-growing consumer base of crypto users.
Notably, HBUS and Huobi are entirely separate legal entities only that the former is the latter’s exclusive strategic partner in the U.S. Recently, HBUS clarified that they want to nurture a culture different from Huobi’s. In tandem, the company hired Mr.Fu, a resident of Silicon Valley and an expert in corporate development as its new CEO.
The platform has decided to omit Ripple (XRP) from its initial batch of digital coins. In their statement, HBUS clarified that although they intended to give users a variety in the first batch, the list of currencies was carefully determined to facilitate “longevity” of trade.
Huobi Begins Global Elites Program
Huobi launched their Global Elites Program in the Netherlands Yesterday, July 6. Upon identifying their Benelux outlet, the company said that the Global Elites Program would be launched in 17 other nations; with a goal of connecting blockchain experts thus expand the trade.
While referring to the large turnout at Amsterdam’s quant trading event, the European Director of Huobi exchange, Lester Li, emphasised that the high demand informed the decision to launch Elites Program in the Netherlands. Li expressed enthusiasm for the newly launched program to nurture Huobi crypto exchanges not only in the Netherlands but elsewhere in Europe.
The program will ease Huobi’s entry to other countries by connecting experts who are familiar with the new markets. For instance, one of their first User is Henry Hong, CEO of Bring-InTechnology based in Hague. In the latest quant trading event at Canary Wharf, London, Huobi clarified that their new targets include Vietnam, India, Russia, and other EU nations.