The exchange plans taking advantage of Russian crypto market growth.
In frames of plans on the enlargement of presence in Russian market, Seychelles-based exchange Huobi Global appointed Vladimir Demin as the company’s chief advisor. This person will help improving company’s market in the country. Previously Demin had been a partner and CEO of Huobi Russia.
Demin convinced in great opportunities of this market both for cryptocurrencies and blockchain technologies and hopes to aid Huobi Global to promote the high demand for crypto products and services in Russia.
Huobi Russia’s trading amount makes nearly 10% of Huobi Global’s total volume with the users’ data base exceeding 4,000 users.
Ciara Sun, vice president of Huobi Global Markets, mentioned about presenting a one-click migration option from Huobi Russia in frames of the campaign about brand improvement.
Moreover Huobi presented a crypto savings system, which will be accessible to some of the users. Each personal account will have a 3,000 Tether (USDT) limit or its equivalent in BTC.