Hassan Maishera
Cryptocurrency exchange Huobi is expanding its presence in Argentina by providing traders and investors in the country with more fiat payment options. The exchange is adding five fiat payment options to make it easier for its users to deposit and withdraw funds.
Huobi integrates five fiat payment options
Huobi Global, one of the top cryptocurrency exchanges in the world, has announced that it is adding five new fiat payment options for its Argentina users. The exchange announced this in a press release earlier today.
In the press release, Huobi said, "Huobi Global, one of the world's leading digital assets exchanges, announced this week the integration of five new payment methods for its Argentina Peso (ARS) users. Collaborating with local payments solutions providers, the addition of these new payment methods aims to equip ARS users with swift and reliable means to purchase or sell digital assets in Huobi P2P market."
Huobi said it now supports fiat deposit and withdrawal Ualá, Santander Río, Banco Galicia, Prex and AirTm. The cryptocurrency exchange said it had to conduct in-depth research into these companies before partnering with them to ensure the security of P2P transactions. The five new payment methods will complement the existing two, BBVA Banco Frances and Burbank.
Ciara Sun, Vice President of Huobi Global Markets, said the addition of the new payment methods is to make it more comfortable for its traders in Argentina to fund their accounts. The move is also expected to attract more users to the platform as the numerous payment options would be an appeal.
"We have added these new payment methods with the purpose of furnishing our ARS users with a more comfortable and convenient way to buy and sell cryptocurrencies. In this manner, users would be able to choose their favorite payment methods to trade, and this will definitely improve their trading experience," the Huobi exec added.
The cryptocurrency exchange has been making changes to its policies in recent weeks. Huobi had to ban Chinese and UK traders from accessing its derivative services due to the recent regulatory crackdowns in the countries.
