12 November the leading crypto currency exchange Huobi has opened an office in Moscow, Russian users will get round the clock support in Russian and much more – but the crypto currency exchange does not stop, planning educational and credit programs for blockchain entrepreneurs, and possibly lobbying.
Round the clock support in Russian is already in Russia a serious competitive advantage. Despite the fact that the largest crypto currency exchange Binance, OKEx and Bitfinex already translated sites on the Russian language, solving technical problems on the Russian language is not yet available, said in an interview with a trader from Russia Anton:
“None of the major exchanges will not respond to the request in Russian”
Some time on the market was present crypto currency exchange BTC-e where you can speak in Russian language, but it was closed the services of the United States in July 2017. On the spot BTC-e almost immediately there was an exchange WEX until July, when WEX also began to have serious problems. Since then, none of the major platforms have not provided full support to users from Russia.
Head of representation Andrey Grachev, noted that investors are also available for personal consultations in the office of the exchange:
“If someone wants to start trading with 1000$, they can contact our office and register with the support of a personal Manager”
To attract new users, Russian branch offers a fee below 0.1% for the exchange of more than 50 BTC within 2 weeks from the opening of the office, reported on the website of the company. Also, users are promised a monthly cash back: 20% of the commissions will be returned as tokens Huobi to the trader’s account, which he can use inside the platform or display, the head of the mission.
Initially, the crypto currency exchange is also planning to accept deposits in rubles, however, local experts are consulted about the representation of uncertainty in the current regulatory environment. Vladimir Demin, gdave Center for Digital transformation of Vnesheconombank, said:
“A lot of us consulted, and in the end, we think we’ve got them upset. They were interested to offer operations with Fiat, but we told them that’s impossible”
However, users from Russia will be able to buy crypto-currencies in rubles using the service, OTC, and seamlessly transfer assets to the trading account, and while on the OTC platform is still little Russian customers, the company plans to attract new reduction Commission, said Grachev.
In August Ниоbi signed an agreement with the Center for Digital Transformation of Vnesheconombank and provided Advisory services to the local experts that they were used to submitting proposals under consideration in the state Duma legislative measure, said Dyomin:
“Huobi has become for us a partner of choice, as they are already working with the governments of Australia, Singapore, China. We advise the Bank of Russia and the state Duma, to add some practical elements to these bills”
Huobi has also plans to launch educational programs for blockchain startups the University named after Plekhanov, confirmed that Hope is Harsh, the head of the Department of entrepreneurship at the University, which already offer blockchain-based courses.
The exchange also will offer loans to miners to purchase special equipment and rent premises in the first quarter of 2019 year, said the head of the Moscow branch.
In October Huobi announced plans to expand, this time to the Middle East, Africa and Asia. Previously, the company opened an office in Korea, has launched a cryptocurrency exchange in Australia and bought the trading venue in Japan. According to CoinMarketCap, Huobi takes 3 place in the world in trading volume over the last 24 hours, after Binance and OKEx.
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