In a major announcement, Huobi Indonesia has today launched the local fiat gateway that will allow a direct fiat to the crypto trading facility between Indonesian Rupiah or IDR and Tether or USDT. The latest move will make it feasible for Indonesian based investors to use local fiat currency for trading more than 250 cryptocurrencies available on Huobi Indonesia’s digital asset exchange.
According to a cryptocurrency exchange, Indonesia presents a huge opportunity to boost the growth of the greater blockchain community. It will help in enhancing crypto adoption all over the world.
Huobi Indonesia CEO Xiong Dan has asserted that the latest fiat gateway will be a major landmark for Indonesia’s Huobi team. We aim to grow the Indonesian market along with merging and improving the service quality.
Huobi strives to provide local customers with direct access to bigger amounts of liquidity available via Huobi Cloud through this new fiat gateway. Apart from this, users will also get several other advantages that may include efficiency, market depth, security among others. With this latest announcement, Huobi Indonesia seeks to bring down blockades to investors onboarding. It aims to become the largest Indonesian exchange in a period of six months.
Huobi Indonesia CEO Xiong Dan said, “The Indonesian Rupiah fiat gateway is an exciting milestone for the Huobi Indonesia team. We will continue to expand the Indonesian market, consolidate and improve service quality, fulfill market commitments, and accelerate the development of local businesses.”
Huobi Cloud has emerged as a leading technical solution provider that allows partners to establish safe and stable crypto-to-crypto trading, ecosystem solutions, OTC among others. Since the launch of Huobi Cloud in the year 2018, it has launched more than 120 exchanges that may include Huobi-branded exchange partnerships with local partners like Huobi Russia, Huobi Thailand, etc.