Cryptocurrency Exchange Huobi Reportedly Expanding To Brazil

Cryptocurrency Exchange Huobi Reportedly Expanding To Brazil

Cryptocurrency exchange Huobi is reportedly expanding its operations to Brazil, as the exchange is said to be marketing its platform in the country, while attempting to hire regional staff after setting up a workspace in São Paulo.

 

According to local news outlet Portal do Bitcoin, Huobi representatives were seen handing out business cards at VI Bitconf, a cryptocurrency conference held in São Paulo, Brazil, in which BCH proponent Roger Ver pumped the cryptocurrency and slammed Venezuela’s oil-backed Petro.

Per the news outlet, Huobi has been contacting “well-known names in the Brazilian market,” and has set up a workspace in São Paulo using offices provided by We Work. While there’s no official information on Huobi’s end, Portal do Bitcoin claims the exchange will start operating in the country by the end of this year.

Huobi is currently the world’s third-largest cryptocurrency exchange, after processing a $1.1 billion trading volume in the last 24-hour period, according to CoinMarketCap.

As covered by CCN, the company has already started expanding its operations into Canada as it sees it “emerging as a leading blockchain nation.” At the time, Huobi Canada’s general manager Ross Zhang stated:

“Establishing Huobi’s first Canadian offices in Toronto is a continued effort to help the blockchain industry become more credible so that mass adoption can come sooner.”

Culled from CCN/ Francisco Memoria

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