Huobi Global Announces Its Presence in Russia


As part of Russia’s expansion plans, the Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief adviser. Its main role is to help develop the company’s market in the region.

According to the announcement, he previously served as partner and CEO of Huobi Russia.

Demin believes that the market opportunity in the country for crypto and blockchain is “very big”. He hopes to help Huobi Global expand the high demand for crypto products in Russia.

Huobi Russia’s trading volume accounts for almost 10% of Huobi Global’s total volume, taking into account that the exchange currently has a customer database of more than 4,000 users.

Ciara Sun, vice president of Huobi Global Markets, stated that they will provide a one-click migration option from Huobi Russia, after the campaign announced the brand upgrade.

Huobi recently announced a crypto savings system that will be available to some of their users. Each individual account will have a limit of 3,000 Tether (USDT) – or its equivalent in Bitcoin (BTC).

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