American HBUS crypto currency exchange will be renamed to Huobi


Based in the USA the crypto currency exchange HBUS, HBUS owned by Holdco Inc of San Francisco,

and which is a strategic partner of the Chinese Huobi, has announced the rebranding of its service by the retailer in about it reported in a press release.

Under the new license agreement, go to a domain name and Huobi Global will continue to work through your existing website According to reports, HBUS, not only will receive official brand Huobi, but will have the benefits from raising the level of technical support from Huobi Global implementation of the functions of stability and security.

Originally founded in China in 2013, Huobi Group subsequently moved its headquarters to Singapore, following the introduction by the Chinese government ban on the cryptocurrency activity. First Huobi Group announced plans to open an office in San Francisco in January of 2018, and after the establishment of HBUS in June, the American affiliate trading platform started to operate in July.

In an attempt to compete with the major American cryptobinary such as Coinbase and Robinhood, HBUS soon launched an API that focuses on experienced traders, and invited the new professionals to your company.

Global expansion Group Huobi

In the past year, Huobi Group, which has aggregate turnover of its subsidiaries reported more than $1 trillion, continued to expand its operations abroad by opening in April, our subsidiary in South Korea, in addition to existing in Hong Kong and Japan. In 2018 Huobi has also launched an Australian crypto currency exchange, has opened an office in London acquired a controlling stake in companies listed on the Hong Kong stock exchange and Japanese crypto-exchange BitTrade licensed by the FSA.

However, in December last year, the media reported that Huobi, along with Bitmain, intends to lay off workers. In Huobi Global commented on this situation, as the plans to “optimize” staffing, and reported that the dismissal will be subject only to staff not coping with their responsibilities.

Also in December of last year, Huobi and HitBTC was implicated in the scandal on alleged artificial inflation of the trading volume, although the evidence was less convincing than the competing OKEx.

Huobi is currently fourth on the crypto currency exchange trading volume, according to CoinMarketCap, with a daily volume of $519 million HBUS ranks 170 th place with $65 100, for the same period.

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Tags: HBUS Huobi


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