Exchanges, Featured

Digital Asset Exchange Houbi MENA Will Look After Turkey-based Operations

Houbi MENA is a Huobi Cloud technology-based digital asset exchange who will look after Turkey-based operations.

While Huobi is a cryptocurrency exchange planning to expand into Turkey. Turkey is said to be a significant and promising prospective market. This new approach is planned due to the significant and promising prospective market.

A fiat on-ramp for the Turkish Lira, localized products & customer services, and a Turkey-based branch office with local resources are the things included in their plan. Having a crypto-to-fiat on-ramp for Turkey-based users in 2019 only is their hope.

The Co-founder at the Huobi Cloud technology-based digital asset exchange Houbi MENA Mohit Davar said, “We are really excited about the response we received from the Turkish community. With their support, we successfully pulled off one of the largest crypto events in Turkey. We’ve already added a Turkish language option to the Huobi Global website and will also be rolling out Turkish language customer support and a Turkish language mobile app.”
Ipsos Group S.A. is a Paris-based market research company. In the year 2018, the company estimated that out of every five Turkey-based people, one made investments in cryptocurrency. 18 percent of Turkey-based people can have cryptocurrencies.
The cryptocurrency exchange Huobi is one of the world’s 10 largest crypto exchanges by trading volume. Almost $1 billion are processed on a daily basis through the exchange, Daily Sabah reported. Huobi was set up in the year 2013 in China. It is headquartered in Singapore. It has its offices places like Hong Kong, Korea, Japan, and the United States. Leon Li is the Founder and Chairman of Huobi. While Jiawei Zhu is the Chief Operating Officer (COO), Xianfeng Cheng is the Chief Technology Officer (CTO), Charlie Tsai is the Chief Strategy Officer (CSO), and Xiaofeng Chen is the Vice President (VP) of the exchange, according to Huobi Wikipedia page.
Houbi MENA is recognized as a Dubai-based digital asset exchange. It was expanded into places like the Middle East and Africa. Huobi Global is a Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) exchange. Houbi MENA belongs to Huobi Global. Mohit Davar said, “We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here.”
[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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