As the exchange aims to launch its market across the globe, Russia is counted as one of the key markets of Huobi Global. It is specified that around 10 percent of the total spot trading volume of the exchange is due to the Russian users. Now with the launch of this app, the firm is aiming to expand this market further.
Ciara Sun, Vice President at Huobi Global, has said that even though there are several doubts related to the crypto regulations in Russia, the firm is still committed to this market. With this app, the exchange is giving an intuitive way to the users that will help them buy and trade cryptocurrency directly from their mobile devices.
Huobi Global has specified that through this mobile app, users will be able to have access to a variety of trading pairs. It will also keep the users updated about the real-time prices, professional charts, 24/7 customer care support and many other things to improve the experience.
The reason why the firm is committed to the Russian market is it emerges as a major one when it comes to a wider crypto adoption. The exchange is seeing some major growth opportunities in the Russian market, which will also lead to mainstream crypto adoption across the nation. Along with this, the firm has also developed its Russian-language community for further growth.