Cryptocurrencies remain incredibly popular despite falling prices. That is somewhat surprising, although not entirely shocking. HBUS, the new US-based venture by Huobi, has officially launched in the United States. Several key pairs are available for trading as of today.
Bringing cryptocurrency to the masses is an ongoing struggle. Existing trading platforms have seen an influx of users. Most of them sign up because they see Bitcoin as an investment vehicle. That is anything but the case, as this is a currency designed for payments. HBUS may help change that perspective once and for all.
HBUS Brings Bitcoin to the Masses
HBUS is the official US strategic partner of Huobi. The new virtual currency trading platform has gone live today and offers more than a dozen trading options. Supported currencies include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic. All of these currencies can be traded against USDT, TUSD, Bitcoin, or Ethereum. No fiat currency support is available at this time.
As is always the case with these exchanges, availability is rather limited. HBUS does not operate in several US states. That list includes New York, Alabama, Georgia, Washington, and a few others. New York is no surprise, as the state has a terrible history when it comes to blockchain and cryptocurrency.
Whether or not this new exchange will be successful, remains to be seen. HBUS is registered with FinCEN and fully compliant in every way. Due to its unique ownership and leadership it is completely separate from Huobi Group. More competition among exchanges in the US is a positive development for the industry as a whole.