Crypto trading app launched by Huobi for the Russian market

Just recently a new trading app was created by one of the cryptocurrency exchange giants globally, Huobi. They developed the trading app solely for the Russian market.

Huobi dropped the mobile app some days ago for the cryptocurrency traders in Russia. The cryptocurrency trading app is available fo both iOS and Android mobile devices.

A press release by Huobi, made it known that Russians can now have full access to their exchange's spot market, and can trade 100s of digital assets and cryptocurrencies by the use of their mobile apps.

This recent developmet has come to show Huobi's continuous desire to expand into global markets.
Huobi believes that Russia is a huge market for the crpto space, and plans to explore the numerous opportunities in the country. As of now, the spot trading volume of Russian traders on the exchange is estimated to be 10 percent.
But Huobi wants to expand more into the Russian market, by providing transparent and professional spot trading services for the Russian market.

The Vice President for the Global Markets at the Huobi Group, Ciara Sun, says he organisation is very committed to the Russian markets despite some rumours that the Government of Russia intends to regulatethe crypto space. She added, ''We are moving full steam ahead to give local users a more intuitive way to buy and trade crptocurrencies from the comfort of their moblie devices.''

Russian traders can access various trading pairs along with acesss to different trading methods, which includes cup & handle, flat base etc. There is also the use of candle stick charts, price displays in real-time, price alerts, 24/7 customer support and expedited fund availability, provided by the Huobi mobile app.

Work had been ongoing on expanding their presence in the Russian market for a while now. Just last month, Huobi Global partenered with Huobi Russia, a stand alone entity that had been around since 2018. This partenership would enable Huobi diffuse it's presence in the country, with Russia being regarded as the second-largest cryptocurrency market with respect to adoption in Eastern Europe after Ukrain.

Sun says, ''Russia is leading the region when it come to adopting cryptocurrency. But there is still a long way to go before cryptocurrencies become mainstream in Russia.'' The population of over 140 million people means that Russia presents a significant growth opportunity for the cryptocurrency exchange.

Huobi however plans to continue it's expansion globally next year and plans to empower up to 100 million househols worldwide to own cryptocurrencies. Huobi believes that Russia would play a vital role towards actualizing this vision.

This post appeared first on coin journal.

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