U.S. Residents Can Now Trade in Cryptocurrency Through HBUS

BTC Wires: For those of you who don’t know, HBUS is the American strategic partner of Huobi and is essentially a virtual currency marketplace. According to recent reports, HBUS has revealed its plans for opening new registrations from the residents of the US from 6th July onwards.

HBUS is now live for trading and supports 22 different cryptocurrencies such as Litecoin(LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Tether(USDT), etc.

The CEO of HBUS, Frank Fu talked about this new development saying, “Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors’ acceptance of virtual currency and digital assets increases, we have seen incredibly high demand in the U.S.”

As a result of this trading platform, all US residents will now be able to deposit all kinds of cryptocurrencies on this platform. It went live yesterday so the users can now easily trade and make withdrawals on this marketplace. HBUS has its headquarters in San Francisco and 

aims to promote “an open and competitive market” where traders can choose from a rich pool of “high-quality virtual currencies.”

Huobi was initially founded in China, although it is headquartered in Singapore at present. It is now making elaborate plans to penetrate the expanse of the American market. This virtual currency exchange platform has been aggressively expanding its horizons and venturing into   the foreign soil in Brazilian and Canadian markets. However, its plans of expansions are not just limited to different countries. It recently also launched a cryptocurrency exchange-traded fund.

Going by the daily trade volumes, HBUS is the world’s third-largest cryptocurrency exchange and with a good reason. Talking about just the past 24 hours, it has seen trades amounting to over $823.8 million. This alone goes on to show the immense popularity of this exchange platform on a global level.