Crypto exchange Huobi US launches trading pairs with US dollar

Leading cryptocurrency exchange Huobi’s U.S.-based platform has launched USD trading pairs on its platform.

Last month, Huobi Group announced that it has authorized digital asset marketplace HBUS to use the Huobi name in the U.S. Headquartered in San Francisco, HBUS is a cryptocurrency marketplace which went live on July 10, 2018, with over 20 trading pairs.

In an online post dated February 05, Huobi said:

“We are excited to announce that USD services are now open on the Huobi Marketplace! Users can now buy/sell crypto with US Dollars, and trade against Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).”

USD #Fiat Trading Pairs are now available on the Huobi marketplace! Set up a USD wallet and receive 20 USDT. Trade USD/ETH, USD/BTC and USD/USDT! Sign up for the Huobi marketplace now: https://t.co/vHDjChNfKh pic.twitter.com/nPHAv6ozgR
— Huobi US (@Huobi_US) February 5, 2019

As a promotional offer, the exchange is offering 20 USDT to the first 500 newly registered users that successfully open a USD wallet via the “Balances” page.

Huobi further clarified that the option to open a USD wallet is exclusively available to Level 2+ Verified US residents.

“To utilize fiat services, you must agree to open a Prime Trust account and link your Prime Trust account to your HBUS account,” it said. “In order to be eligible to receive rewards, users must be individuals who reside in the US and provide their valid, verifiable US address during verification.”