Huobi Global recently announced that it is launching a fiat-to-crypto gateway for its Indonesian subsidiary, Huobi Indonesia. Accordingly, Indonesians can now access crypto services by using the Indonesian Rupiah (IDR) via Huobi Indonesia.
Huobi Sets Up Fiat-To-Crypto Gateway in Indonesia
Announced on December 27, Huobi Global is tapping the Indonesian crypto market as the exchange said that users can use IDR and Tether (USDT) to trade over 250 cryptocurrencies directly via Huobi Indonesia.
As per David Chen, senior director of Huobi Cloud, the new fiat gateway is a part of the company’s global expansion. He went on to add;
“By continuing to add new fiat/crypto pairs for Huobi Cloud 2.0, we want to make it frictionless for investors anywhere in the world to trade digital assets on a trusted and proven platform said, David Chen. The new fiat gateway reflects our ongoing commitment to working with strong local partners in key markets across the globe,”
According to Huobi, Indonesia presents “a major opportunity to contribute to the growth of the greater blockchain community and help drive crypto adoption globally”.
However, Xiong Dan, CEO of Huobi Indonesia says that the new fiat-currency door is “an exciting milestone” for Huobi’s Indonesian team. More so, he also adds that the exchange will continue its effort to “expand the Indonesia market, consolidate and improve service quality”.
Huobi has been on top bulletins with the new expansion quite often this year. The exchange has also begun its crypto effort to the Turkish crypto market as a part of its global expansion.
Moreover, it was said that Turkey is a promising prospective market for Huobi exchange and the exchange’s CEO Livio Weng had elaborated his view to bringing the Huobi ecosystem there. In fact, the exchange has also hired a crypto veteran, Alphan Gogus as a new general manager for Huobi Turkey.
