Users in Australia, UK, and the European Union can now purchase crypto with their home countries’ fiat currencies.
Singapore-based digital asset Exchange Huobi is expanding the number of fiat currencies that can be used on its platform, according to a recent announcement from the company.
On Saturday, the exchange said that it would be adding support for the Australian dollar (AUD), British pound sterling (GPB), and the Euro (EUR), which will allow users in Australia, UK, and the European Union to purchase crypto with their home countries’ fiat currencies.
The addition of these currencies was made possible through Banxa, which the exchange describes as “an internationally compliant fiat-to-crypto gateway solution.” The gateway, which can be accessed through the Huobi OTC website, allows users to instantly add funds to their accounts via bank transfer, debit or credit card, and “other preferred methods.” The gateway does not charge any fees.
How does it work? According to the announcement, users are required to undergo a one-time identity verification process. After that, 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.”
The gateway allows users to purchase up to $20,000 USD worth of digital assets in a single transaction, though “the daily purchase limit is $15,000 and the monthly purchase limit is $60,000.”
“[Huobi Wants] to Be the Leading and Most Trustworthy Exchange in the World.”
Ciara Sun, Vice President of Global Markets at Huobi Group, said that the addition of the new currencies through the Banxa gateway “[marks] 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."
The expansion into the English-speaking world represents the latest move in Huobi’s push to the west: in an interview with Finance Magnates earlier this year, Ciara Sun said that while “people know Huobi as one of the biggest brands in the eastern market,” that “we are really determined to go global and go to the western market.
“We are continuing to put more efforts to bringing a stronger branding in the western market–to go out there and talk to media, talk to our partners, and talk to our communities and our users to make sure that they know who Huobi is and what we stand for, and what our vision is, and what we want to achieve.”
Eventually, “[Huobi wants] to be the leading and most trustworthy exchange in the world,” Sun said.
In the announcement of the recent fiat currency addition, Sun said that more fiat currencies are on the horizon: “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."
Singapore-based digital asset Exchange Huobi is expanding the number of fiat currencies that can be used on its platform, according to a recent announcement from the company.
On Saturday, the exchange said that it would be adding support for the Australian dollar (AUD), British pound sterling (GPB), and the Euro (EUR), which will allow users in Australia, UK, and the European Union to purchase crypto with their home countries’ fiat currencies.
The addition of these currencies was made possible through Banxa, which the exchange describes as “an internationally compliant fiat-to-crypto gateway solution.” The gateway, which can be accessed through the Huobi OTC website, allows users to instantly add funds to their accounts via bank transfer, debit or credit card, and “other preferred methods.” The gateway does not charge any fees.
How does it work? According to the announcement, users are required to undergo a one-time identity verification process. After that, 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.”
The gateway allows users to purchase up to $20,000 USD worth of digital assets in a single transaction, though “the daily purchase limit is $15,000 and the monthly purchase limit is $60,000.”
“[Huobi Wants] to Be the Leading and Most Trustworthy Exchange in the World.”
Ciara Sun, Vice President of Global Markets at Huobi Group, said that the addition of the new currencies through the Banxa gateway “[marks] 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."
The expansion into the English-speaking world represents the latest move in Huobi’s push to the west: in an interview with Finance Magnates earlier this year, Ciara Sun said that while “people know Huobi as one of the biggest brands in the eastern market,” that “we are really determined to go global and go to the western market.
“We are continuing to put more efforts to bringing a stronger branding in the western market–to go out there and talk to media, talk to our partners, and talk to our communities and our users to make sure that they know who Huobi is and what we stand for, and what our vision is, and what we want to achieve.”
Eventually, “[Huobi wants] to be the leading and most trustworthy exchange in the world,” Sun said.
In the announcement of the recent fiat currency addition, Sun said that more fiat currencies are on the horizon: “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."
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Crypto Regulations Are Imminent, but Will the Regulators Align?
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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