Trading Opens on Huobi's New US-Based 'Strategic Partner' HBUS

Huobi crypto exchange has opened trading on its newly created U.S.-based “strategic partner” HBUS, according to a press release shared with Cointelegraph today, July 10.

Huobi’s new cryptocurrency marketplace comes via a San Francisco-based partner company called HBUS, whose creation was first announced in early June.

As of 10 a.m. (Pacific Time) today, HBUS is live for trading, supporting 22 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), and others.

The new platform also provides traders with an overview of market data for listed cryptocurrencies, including candlestick and depth charts.

As Cointelegraph reported last week, as of July 6, HBUS has been accepting account verification requests from U.S. residents, who have also been able to deposit their crypto holdings in advance of today’s launch.

Presumably as the firm awaits the all-clear from regulators, trading on HBUS is not currently open to residents of Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington.

Alongside its U.S. venture, on July 5 Huobi confirmed trading had opened on its new Australia-based platform. The exchange has also just recently unveiled a London-based operation targeting the European market, expecting over-the-counter (OTC) trading tests to begin in the third quarter of this year.

The Singapore-headquartered platform has morevoer been expanding its business across Asia, launching a South Korean subsidiary this spring, alongside existing operations in Hong Kong and Japan.

As the third largest crypto exchange by daily trade volumes on Coinmarketcap’s listings, Huobi has seen $823.8 million in trades over the past 24 hours to press time.