Huobi Group, a bitcoin and crypto exchange company, today announced that Huobi Argentina now supports fiat-to-crypto trading; with the Argentine peso (ARS) and both bitcoin (BTC) and Tether (USDT). The new feature makes it easier for Argentinians to trade between bitcoin, USDT, and ARS. Customers can transfer funds directly to Huobi Argentina from any bank in the country.
Powered and supported by Huobi Cloud, Huobi Argentina is a local exchange for the Argentine market that launched late last year in response to the country’s growing demand for crypto. According to a Statista survey, 16% of Argentinians have used or owned cryptocurrencies, making Argentina one of the countries with the highest crypto adoption per capita.
“The Argentine market is ripe for crypto adoption but the user experience on most exchanges still leaves a lot to be desired. Trading crypto is often a multi-step process that requires several transactions before the user can begin to trade. With the new BTC/ARS and USDT/ARS pairing feature, Huobi Argentine is removing existing user barriers and making it incredibly easy for people to get their assets into the market.”
– Ciara Sun, VP of Global Business at Huobi Group
In the near future, Huobi Argentina will be enabling the sale and withdrawal of cryptocurrencies settled in fiat. The exchange will also explore margin trading services with up to 5x leverage.
Huobi Argentina is a strategic local partner of Huobi Group; a global blockchain company with more than a dozen blockchain products and services under its umbrella. Huobi Argentina seeks to become the Huobi Group’s main hub in Latin America.