While some exchanges are downsizing and facing a lot of regulatory hurtles, Huobi is out there making an impact.
Huobi is an exchange based out of Singapore, which is interesting as far as regulatory concerns go.
Huobi Argentina is a new branch of Huobi that was just launched which allows users to create their own OTC (over the counter) and digital token exchanges on top of the Huobi platform which already has a great deal of features and popularity.
For now, Huobi Argentina’s users can purchase digital currencies with Argentine Pesos (ARS) using Huobi’s OTC service, but the exchange is planning to set up a fiat gateway to trade ARS for crypto in October of this year. This will purportedly enable users to buy crypto using credit cards, transfer and some local digital payment providers.
This would be a huge deal... Allowing users to seamlessly exchange fiat for crypto is essential to mass adoption.
One of the greatest problems faced in the U.S. is buying cryptocurrencies... you'd think the land of the free would have more freedom to buy and sell as we please, but that is simply not the case.
U.S. based exchanges are absolute shit and it's incredibly difficult to simply buy/sell crypto to or from USD.
Huobi to expand to 2 new markets:
What's even more incredible is that Huobi is expanding to 2 new markets in the coming year that will be massive levels of adoption for the exchange for all of crypto:
In late July, Huobi’s Thailand-based subsidiary secured the country’s fifth official license to operate a fully-regulated digital asset exchange. Huobi Thailand is expected to launch in Q3 2019, offering both regulated crypto-crypto trading and fiat on-ramps.
In June, news broke that Huobi exchange would expand its operations to Turkey, planning to have a crypto-to-fiat onramp for Turkish users by the end of 2019.
The term "on-ramp" is so well applied to this situation.. I couldn't imagine a better way of putting it, if I am being completely honest. I think Huobi is going to be a killer exchange in the years to come.