HBUS, the Huobi-linked cryptocurrency exchange officially will launch in the United States.
Though not technically under the Huobi brand, HBUS is listed as a strategic partner.
The expected begin of deposits/withdrawals as well as trading, will be on July 10th.
This is potentially good news as steem was recently listed on the Huobi exchange a few months back and saw significant trading volumes.
Perhaps steem will be added to HBUS eventually as well.
Huobi is currently based in Singapore ans is the 4th largest cryptocurrency exchange by volume in the world.
Why the launch?
The US has been one of the biggest crypto markets in the world.
The CEO of HBUS had this to say regarding the launch:
“Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors‘ acceptance of virtual currency and digital asset increases, we have seen incredibly high demand in the U.S. We are excited to launch as Huobi’s strategic partner, to serve the growing number of people participating in virtual currency trading."
(Source: https://www.ccn.com/huobi-linked-cryptocurrency-exchange-hbus-launches-in-u-s-market/)
While not currently the largest cryptocurrency exchange in the world, they have been at times.
Following in the footsteps of Coinbase and Kraken, HBUS is based out of San Francisco.
What coins will be included?
Initially 9 coins will be available for trade.
HBUS says they will include 9 of the major cryptocurrencies such as:
- Bitcoin
- Ether
- Bitcoin Cash
- Litecoin
- Dash
And surprisingly Tether (among several others)
The company said that they plan on adding additional coins in the near future.
In fact, rumors are already circulating that the next wave of coins to be added will be in a couple weeks.
(Source: https://www.justcryptocurrencies.com/2018/07/06/huobi-partnered-exchange-hbus-opens-to-us-citizens/)
Who will be able to trade on the platform?
People in 41 states will have access to trading once the platform goes live on July 10th.
If you live in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington sorry but you are out of luck currently.
Unfortunately, there will be no fiat pairs available, which is one of the biggest selling points to crypto investors.
My hope is that steem will be included shortly as we need steem on as many exchanges as possible.
My next hope would be that steem gets included on a US based exchange with fiat trading pairs, that would open the flood gates to all kinds of investors.
Stay informed my friends.
Image Source:
http://cryptolab.news/huobi-hbus-signs-senior-meitu-exec-frank-fu-as-ceo-for-us-exchange/
Follow me: @jrcornel
Thanks for the info @jcornel 😁👍😁
You're welcome @corndog54. How's Robinhood treating you?
I like it! Especially today with a bump up to BTC
Follow me and I will follow you and give me votes and I give you future upvotes.
This doesn't quite seem equitable.
Hey bro nice post
Thanks for the post and I whole heartedly agree with you that Steem and SBD should be on as many exchanges as possible. It's trading volume has always been good.
I guess certain states laws prohibit crypto or exchanges---- smh. Oh well good thing I live in Cancun.
Waiting for your post when Steem & SBD are around $20.00USD ;-)
That would certainly be a fun post to write!
Great news for US citizens !
Solid. Resteemed. Unfortunately I cannot participate.
One of the states not supported?
Washington.
Hi,
Thanks for sharing this news. I like this. We needed more U.S. Exchanges.
Agreed. The more the merrier!
IT IS A WONDERFUL NEWS FOR US STEEMIANS. I REALLY DID NOT KNOW ABOUT IT. THANK SO MUCH ircornel.
thank to u dear to sharing this information , i like you i want to be hope for this coin
That sucks it won’t be available in Washington. Is there a particular reason why or is there just extra regulatory hurdles they have to get past?
It has to do with state licensees. Every state is different apparently. Coinbase and Kraken are not available in all 50 states either, neither is Gemini or Robinhood.
I guess I should have figured. Hopefully they’ll support Washington somewhat soon. We’re one of the hubs of tech right now so it makes sense.
Their having Tether is disappointing.
Coins mentioned in post:
Wow that's such a huge news they are a big exchange good to see the exchanges are spreading everywhere
muy interesante graciasss por la informacion