HBUS, the Huobi-linked cryptocurrency exchange officially will launch in the United States.
Though not technically under the Huobi brand, HBUS is listed as a strategic partner.
The expected begin of deposits/withdrawals as well as trading, will be on July 10th.
This is potentially good news as steem was recently listed on the Huobi exchange a few months back and saw significant trading volumes.
Perhaps steem will be added to HBUS eventually as well.
Huobi is currently based in Singapore ans is the 4th largest cryptocurrency exchange by volume in the world.
Why the launch?
The US has been one of the biggest crypto markets in the world.
The CEO of HBUS had this to say regarding the launch:
“Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors‘ acceptance of virtual currency and digital asset increases, we have seen incredibly high demand in the U.S. We are excited to launch as Huobi’s strategic partner, to serve the growing number of people participating in virtual currency trading."
(Source: https://www.ccn.com/huobi-linked-cryptocurrency-exchange-hbus-launches-in-u-s-market/)
While not currently the largest cryptocurrency exchange in the world, they have been at times.
Following in the footsteps of Coinbase and Kraken, HBUS is based out of San Francisco.
What coins will be included?
Initially 9 coins will be available for trade.
HBUS says they will include 9 of the major cryptocurrencies such as:
- Bitcoin
- Ether
- Bitcoin Cash
- Litecoin
- Dash
And surprisingly Tether (among several others)
The company said that they plan on adding additional coins in the near future.
In fact, rumors are already circulating that the next wave of coins to be added will be in a couple weeks.
(Source: https://www.justcryptocurrencies.com/2018/07/06/huobi-partnered-exchange-hbus-opens-to-us-citizens/)
Who will be able to trade on the platform?
People in 41 states will have access to trading once the platform goes live on July 10th.
If you live in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington sorry but you are out of luck currently.
Unfortunately, there will be no fiat pairs available, which is one of the biggest selling points to crypto investors.
My hope is that steem will be included shortly as we need steem on as many exchanges as possible.
My next hope would be that steem gets included on a US based exchange with fiat trading pairs, that would open the flood gates to all kinds of investors.
Stay informed my friends.
Image Source:
http://cryptolab.news/huobi-hbus-signs-senior-meitu-exec-frank-fu-as-ceo-for-us-exchange/
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