Huobi Global strengthens presence in Russia. Seychelles-based exchange Huobi Global has named Vladimir Demin as the company’s chief advisor as part of its Russian expansion plans. His main task will be to help the region build market for the business.
Demin believes that market opportunities in the country for both crypto and blockchain “are huge”. He hopes to help Huobi Global to expand the high demand for crypto products in Russia.
Huobi Global Markets vice president Ciara Sun said they would have a one-click migration option from Huobi Russia, following a campaign announcing the upgrade of the brand.
Recently, Huobi unveiled a crypto-saving program that will be open to a portion of its users. Every single account will have a cap of 3,000 Tether (USDT) — or the equivalent value in Bitcoin ( BTC).
[image: Michael Parulava]