Huobi Global, one of the world’s biggest cryptocurrency exchanges, recently announced its new native mobile app for the Russian market. The mobile app is available for iOS and Android devices. The easy-to-use app will also help Russian users to access Huobi’s market and trade digital assets with ease.
Following Huobi’s plans to build its presence in growing markets across the globe, Russia remains one of its primary markets in the European region. About 10% of Huobi’s total trading volume is linked to Russian users. However, Huobi still wants to expand its market share by ensuring a professional, safe, and transparent trading service in a fully-native mobile format.
Vice President of Huobi Group
In a press statement, Ciara Sun, the Vice President of Global Markets at Huobi Group, assures the crypto community in Russia of Huobi’s commitment to ensure a friendly environment for cryptocurrencies. She said that the recent speculations about the new crypto regulation in Russia will not disrupt the exchange’s plans to enable local users to buy and trade crypto from their mobile devices.
Even though Russia is leading the region in terms of crypto adoption, it still has to overcome some hurdles before it reaches mainstream adoption. Sun also believes that the population of Russia presents a major growth opportunity for Huobi. And the exchange is aiming to empower 100 million households worldwide to own crypto in 2021 and beyond.
What the app offers
Users can access a wide variety of trading pairs by using the mobile app, including LTC/BTC, ETH/BTC, BCC/BTC, BTC/USDT, etc.
Users can as well gain access to trading methods, such as limit and market orders while using the app.
The app also provides real-time prices, price alerts, professional candlestick charts, and 24/7 customer support.
Furthermore, the launch of the Mobile app portrays Huobi’s commitment to the Russian market. According to a report by Chainalysis, Russia ranks second in the adoption of cryptocurrencies in Eastern Europe. This report supports Huobi’s spot trading activity in the country.
In addition to the mobile app, Huobi also invested in growing its Russian-language community. This includes dedicated channels for news, announcements, and other company engagements on social media platforms like Twitter and Telegram.