Huobi Global, the specialist digital asset exchange, has emphasised its support for the Australian dollar (AUD), British pound sterling (GPB), and Euro (EUR) through Banxa.
In collaborating with the internationally compliant fiat-to-crypto gateway solution, the firm 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.
Ciara Sun, Vice President, Global Markets at Huobi Group, commented: “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.
“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.
“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.”
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.
Domenic Carcosa, founder and Non-Executive Chairman of Banxa, added: “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.”
Expert Analysis: This move is a key step in the growth of Huobi as the firm significantly opens up its fiat gateway to accepting a myriad of new currencies. The firm can utilise the new currencies to continue the expansion of its global footprint.