18/09/19 06:04 UTC-4

Huobi will launch a local exchange in Argentina

ExchangesHuobi launches Huobi Argentina Exchange
Huobi launches Huobi Argentina Exchange

Huobi Group, the parent company of the Huobi cryptocurrency exchange, announced the official launch of Huobi Argentina.


Launch of Huobi Argentina

In mid-October, Huobi Argentina will launch a local cryptocurrency exchange with a fiat gateway to exchange Argentinean pesos for cryptocurrencies using credit cards, bank transfers and digital payment services.

"Argentina is the most promising market for blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
development in South America. There is already a common consensus to stop dependence on local currencies and banks, with Huobi entering the market, this is a great opportunity to move to blockchain and crypto in Argentina,"
said Carlos Banfi, CEO of Huobi Argentina.


  • Huobi Argentina launched a few months after Changpeng Zhao, Binance CEO, hinted that Binance plans to launch a cryptocurrency exchange in Argentina.
  • The Argentinean government has recently stepped up its efforts to limit capital outflows from the country. Earlier this month, the Central Bank of Argentina issued a statement restricting individual Argentines from buying more than $10000 per month.


See also: "Binance Exchange made its first investment in China"

#Huobi #exchanges #Argentina

Editor: Yuliya Soroka