On 18 September 2019, Huobi Group is recognized as a leading global digital asset financial service provider who has made an announcement of officially launching an Argentina-based digital asset exchange called Huobi Argentina.
The over-the-counter (OTC) service of Huobi can be used to purchase cryptocurrencies using the Argentine peso at the current. Cryptocurrencies can be purchased easily with the help of credit card, wire transfer, and other digital payment providers like Mercadopago.
Establishing a local team is a plan of Huobi Argentina. Establishing a fiat gateway for trading and converting the Argentine peso to cryptocurrency is one more plan of Huobi Argentina. Mid-October is the time when the fiat gateway can be launched.
Argentina is recognized as one of the crisis-hit emerging countries. The constant dealing of Argentina is with persistent concerns regarding the devaluation of fiat currency. At the recent, the inflation made BTC reach a new all-time high against the Argentine peso.
The blockchain is a shared database. A network of nodes connected to the internet maintains the blockchain. It is a system which powers cryptocurrency.
Leon Li is the founder and the Chief Executive Officer (CEO) who has met a delegation of senior Argentinian finance officials. Discussing the role of the blockchain in the economic development of Argentina is a purpose of this meeting, Reuters reported.
The financial service provider Huobi Group is now recognized as the largest digital asset exchange across the world having a global share of 50%. The accumulative turnover of the provider has surpassed 1.2 trillion USD. There are 60+ upstream and downstream enterprises where the investment of Huobi Group has done. For delivering secure and credible digital asset trading & asset management services, compliance service teams have been set up in places like Singapore, Japan, South Korea, United Kingdom, Australia, Canada, Brazil, and Hong Kong, according to the official website of Houbi Group.