Korean Exchange Huobi Opens New Exchange in USA

Huobi, an important Korean exchange, is reportedly opening a new exchange in America, as stated by Finance Magnates today. The new exchange, named HBUS, won’t be a subsidiary, but like a brother company owned by Huobi, in an attempt to expand their operations and augment their user base off-seas.
Huobi is one of the largest exchanges in the whole world, the third one in trading volumes, after Binance and OKex. With offices in Singapore and China, it offers miscellaneous services like a mining pool and also blockchain research labs.
Huobi will face the new American market with a different and strategic vision: they plan to offer the same amount of services, but with a different approach, one that has to do with easing cryptocurrencies for potential customers. With new offices in San Francisco, they are now actively pursuing partnerships with new blockchains and offering promotions to new customers.
Due to their inauguration, they will be operating free of trading charges for the first 30 days, and also making bitcoin giveaways, hoping that this will bring more users to the platform who will be attracted by the vast amount of cryptocurrencies offered under a single platform. Users will have to identify themselves to comply with anti-anonymity laws to trade.
This movement is not rare; there is a new trend of already established exchanges seeking to expand to new lands and try to succeed there also. Earlier this week, Coinbase, the leading cryptocurrency exchange in the USA, also announced that they would pursue an expansion of its business overseas, in Japan; a news that for some seemed problematic due to the tight requirements that the Japan regulators have to license new exchanges.
Also, Coincheck, a Japanese exchange that was hit with a hack and acquired by a third party, has announced that is establishing new offices in America in the near future.

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