The team at Huobi have expressed their intentions of expanding globally to the markets in the Middle East, Africa and South Asia. The announcement was made at the World Blockchain Summit currently being held in Dubai.
Huobi MENA (Middle East and North Africa) Co-Founder, Mohit Davar, revealed the details at the event as follows:
We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here.
Huobi which is headquartered in Singapore, will be establishing operations in Dubai to cover the three regions mentioned. The team will attempt to replicate the success of the parent trading platform through operations in OTC trading, token-to-token trading, Blockchain project incubation, community development and an educational center. The team has seen a need to provide safe and reliable digital asset trading services for millions of regional users in the Middle East, Africa and South Asia.
Huobi MENA, which already has an online trading platform, is in the process of securing partnerships with regional players. The initial focus will be to start with AI traders who will offer artificial intelligence based digital asset trading solutions.