Bitcoin exchange company Huobi plans expansion in Turkey and Romania

Expansion into Turkey will be overseen by Dubai-headquartered, Huobi MENA, the Middle East, Africa, and South Asia branch of Huobi Group.

Huobiglobal Hbg

Huobi, a popular China originated bitcoin, and cryptocurrency exchange company, has announced it will now proceed over the next year on its plans to open up an exchange in Turkey.

For Turkey, plans include a fiat on-ramp for Turkish Lira, a branch office with local resources in Turkey, and localized products and customer service.

Huobi invites Turkish projects to apply for listing to

“Turkey is a very important and promising prospective market for us and we plan to take an aggressive approach to bring the Huobi ecosystem there,” said Huobi Global CEO Livio Weng, fresh off a Huobi-sponsored meetup in Istanbul. The event was attended by traders, crypto enthusiasts, and blockchain professionals, including digital economy expert Erkan Öz and lecturer and cryptocurrency mentor Ismail Hakki Polat.

More Markets

Furthermore, Huobi is exploring an increased role in other markets. This includes Romania, where, at the invitation of the Romanian government, Weng just delivered a keynote speech in Bucharest’s Palace of the Parliament as part of the 2019 Romania Blockchain Summit.