LONDON, Oct. 17, 2020 /PRNewswire/ -- Huobi Global, the
world's leading digital asset exchange, today announced support for
the Australian dollar (AUD), British pound sterling (GPB), and Euro
(EUR) through Banxa, an internationally compliant fiat-to-crypto
gateway solution. The partnership allows users in Australia, UK, and the European Union to
purchase cryptocurrencies with their official fiat
currencies.
By integrating with Banxa's payment solutions, Huobi is able to
provide users with more flexibility and choice in payment methods,
while also enabling a seamless user experience. Users can access
the new fiat-to-crypto gateway directly from the Huobi OTC
site and deposit AUD, GBP, or EUR to begin trading
cryptocurrencies in just a few clicks. Funds can be instantly added
to a user's account using bank transfers, debit/credit card, and
other preferred payment methods with zero fees.
"Our partnership with Banxa allows us to support three of the
world's most widely-used fiat currencies, marking a significant
milestone in our global expansion," said Ciara Sun, Vice President, Global Markets at
Huobi Group. "With our newly expanded fiat gateway, we want to help
accelerate crypto adoption by making digital assets much more
easily accessible to the masses. This integration introduces a new
point of access for users in Australia, UK, and the European Union looking
to enter the crypto market."
Domenic Carcosa, founder and Non-Executive Chairman of Banxa
said. "Huobi is a first mover heavyweight, with some of the most
innovative products and services in the industry. As digital assets
become mainstream and move toward mass adoption, regulation and
transparency are key to building trust. That is why we've chosen to
partner with Huobi."
From the 'Buy Crypto' page on Huobi OTC, users can select the
digital asset they'd like to purchase, choose their fiat currency,
and enter the fiat value or asset quantity for purchase. After
selecting their preferred payment method, which includes Visa and
Mastercard transactions, users can purchase up to $20,000 USD worth of digital assets in a single
transaction. The daily purchase limit is $15,000 and the monthly purchase limit is
$60,000.
Users are also required to submit one-time identity verification
as part of the transaction process. Once completed and the payment
approved, users can access their assets in their exchange account
within a few minutes. From there, users can immediately select a
trading pair and start crypto-to-crypto trading.
Sun added, "As we bolster our global presence and expand into
new markets, we will continue adding new fiat on-ramps to give all
users a frictionless onboarding experience. We recently set out on
an ambitious new goal to empower 100 million households worldwide
to own digital assets, so we want to ensure we make it faster,
easier, and more secure for new users to get started."
About Huobi
Huobi is the world's leading blockchain and cryptocurrency
infrastructure provider with a financial product suite that
includes the largest digital asset exchange by liquidity and
real-trading volume. Trusted by users over 170 countries, the Huobi
platform is dedicated to improving the freedom of money for users,
and features an unmatched portfolio of crypto products and
offerings, including: trading and finance, cryptocurrency finance
infrastructure solutions, education, data and research, social
welfare, investment and incubation, and many more.
For more information, visit https://blog.hbg.com/
About Banxa
Banxa is a global digital asset payment company, providing the
world's leading cryptocurrency exchanges and wallets a suite of
global and local payment solutions as well as regulatory compliance
and anti-fraud systems through one single API integration. Banxa is
regulated with offices in Australia and The
Netherlands and recently closed pre-IPO funding round in the
lead up to a listing on the Toronto Stock Exchange (TSX), making it
the first listed crypto payment service provider helping consumers
access digital payments and assets.
For more information, visit: banxa.com
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SOURCE Huobi Global