Huobi Adds 5 New Payment Methods For Argentina
- The exchange has collaborated with local payment solutions in Argentina.
- The integration is set to expand the purchasing capability for users of Huobi’s P2P marketplace.
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In a press release published on 7 July, Huobi Global announced it has integrated five new payment methods for its Argentina Peso (ARS) users. The exchange collaborated with local payment solutions to expand the purchasing capability for its Argentinian users.
Following a rigorous screening process, Huobi integrated Ualá, Santander Río, Banco Galicia, Prex, and AirTm into its P2P marketplace. These payment solution providers were approved because of their rich experience in the space and broad knowledge in the fields of risk and compliance, Huobi said in the press release.
Previously, the Huobi P2P market supported two payment methods for ARS users which are BBVA Banco Frances and Burbank. The addition of the five new payment providers brings the total number to seven.
“Users in every country and region have their own accustomed payment methods,” said Ciara Sun, the Vice President of Huobi Global Markets. “Offering users with extensive choices in payment methods implies we’re saving their trading time and cost, and this will, in turn, increase the liquidity of our market and bring users with more benefits in the long run.”
- The Securities Commission Malaysia ordered Huobi Global to stop all of its activities in the country as it was not registered with the regulator, and was operating illegally.
- The exchange was also directed to disable its website and mobile applications, as well as cease all advertising of its products and services in the country.
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- Cryptocurrency exchange Huobi revealed that it is working on acquiring a crypto trading license in Hong Kong, and on opening a new trading platform in the city.
- The expansion was motivated by the Securities and Futures Commission’s (SFC) upcoming licensing regime, which could also allow retail investors to trade crypto.
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- The hackers tried to move a portion of the funds through Binance and Huobi, but the exchanges were able to freeze their account and recover around 124 BTC.