Huobi Argentina has launched its fiat-to-crypto trading for the Argentine Peso. The famous crypto exchange made the announcement regarding its subsidiary in Argentina now delivering fiat-to-crypto trading solutions via Bitcoin, Tether, and Argentine Peso (ARS).
In a country that is under extreme financial stress, an innovative monetary solution is always welcomed with open hands. Huobi Argentina has now made it possible for the locals to undertake transactions in USDT, Bitcoin, and Tether. Funds can be transferred from any local bank straight into the Huobi Argentina branch.
Huobi Argentina to help bring monetary alternatives to the local populace
Offering new monetary solutions, especially cryptocurrencies, isn’t easy in a politically tumultuous nation. Nonetheless, Huobi Argentina sees the potential for growth here. The BTC/ARS and USDT/ARS pair will certainly be a hit since it allows the locals to convert their money into worthy digital assets. A survey from Statista has revealed that around sixteen percent of the Argentinians have transacted in cryptocurrencies bringing Argentina in the league of big crypto nations.
Launched in 2019, Huobi Argentina is backed by a solid Huobi Cloud that delivers seamless performance in terms of trading features. The local market is ready for mainstream crypto adoption. Despite the growth potential, there aren’t many high-quality exchanges in the country.
Huobi Argentina has more plans for the South American nation
Huobi Argentina will allow the users to withdraw cryptocurrencies with fiat settlement. Also, the exchange will provide margin trading solutions offering up to 5X leverage. Globally, the Huobi Group is supporting the development of many interesting blockchain projects that will bring cryptocurrencies into the mainstream.
Trading in cryptocurrencies usually takes multiple steps involving permissions, compliance, and adherence to the country’s laws. The group brings ease-of-use to the conventional Bitcoin trading through their USDT/ARS and BTC/ARS pairs offering the locals the ability to trade in their local currency. Moreover, the firm aims to minimize the trading barriers and deliver a smooth user experience.
Featured Image by Pixabay