Cryptocurrency exchange Huobi will open an office in Russia. The Russian branch will begin work next Monday, November 12. At the same time, the exchange will appear a Russian-language website and support. About this yesterday during a speech at the conference Blockchain Life in St. Petersburg, announced the General Director for global markets Huobi Edward Chen (Edward Chen) and the future head of the Russian division of Andrei Grachev.

In addition to the branch of Huobi, together with regional chambers of Commerce and industry of the Russian Federation will open a business incubator for “promising” blockchain-related startups. In addition, the exchange will open special courses on cryptocurrency and the technologies of distributed registries. The first universities that have agreed to implement the program, were Russian University of Economics named after G. V. Plekhanov, MGIMO. The curriculum includes the management of digital assets and principles of operation services for automated and algorithmic trading.

In the future, Huobi plans to enter the growing Russian market “mining accommodation” — institutions offering area for placement of mining equipment, which owing to high noise and heat can be kept in the office or dwelling.

The opening of the branch in Russia is part of the plan Huobi to expand the international activities of the exchange. The company has already started work in the United States, Canada, Indonesia, Brazil, Taiwan, the Philippines, Australia and Japan.

For the first time about the development of the Russian market of Huobi said in August 2017; then the stock exchange concluded a cooperation agreement with Vnesheconombank. Later this year, the CEO of Huobi Leon Li (Leon Li) met with presidential adviser on regional economic integration Sergei Glazyev. Probably the details of the opening of the Russian units were discussed during their conversation.