On October 25, at the World Blockchain Summit — Dubai, Huobi Global revealed details of its plans to expand into the Middle East, African, and South Asian markets.
“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,” – said Huobi MENA co-founder Mohit Davar.
Mohit announced that the Singapore-based digital assets exchange has established a Dubai-based operations team to cover the three regions in order to replicate its successful experience of eco-system building. In total, this will include OTC trading, token-to-token trading, blockchain projects incubation, community development, and an educational center. Token-to-token and OTC trading is already live via a beta version. The end goal will be to provide safe and reliable digital asset trading services for millions of regional users in Middle East, Africa and South Asia.
Currently Huobi MENA is in the process of establishing partnerships with regional players, starting with AI Trader, who offer artificial intelligence based digital asset trading solutions.