RATE Group | Huobi Indonesia Launches Trading Between Indonesian Rupiah and Tether
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Huobi Indonesia Launches Trading Between Indonesian Rupiah and Tether

28 Dec Huobi Indonesia Launches Trading Between Indonesian Rupiah and Tether

Posted at 00:47h in Cryptocurrency News by

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Cryptocurrency exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT).

In a Dec. 27 press release, the Huobi Group announced that the launch of the new fiat-currency gateway will make it possible for Indonesian investors to utilize the IDR to trade more than 250 cryptocurrencies available on its Indonesian subsidiary, Huobi Indonesia. Senior director of Huobi Cloud David Chen commented:

“The new fiat gateway is part of Huobi’s global expansion strategy and reflects our ongoing commitment to working with strong local partners in key markets across the globe […] By continuing to add new fiat/crypto pairs for Huobi Cloud 2.0, we want to make it frictionless for investors anywhere in the world to trade digital assets on a trusted and proven platform.” 

The cryptocurrency exchange considers Indonesia to be a “major opportunity to contribute to the growth of the greater blockchain community and…

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