Crypto exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT).
On Dec. 27 Huobi Group announced in a press release that the launch of the new fiat gateway will enable Indonesian investors to utilize the Indonesian Rupiah (IDR) to trade in more than 250 cryptocurrencies on Huobi Indonesia.
pic.twitter.com/1GbAsgMZp7 — Huobi Indonesia (@HuobiIndo) December 27, 2019
Senior director of Huobi Cloud David Chen adds:
“The new fiat gateway is part of Huobi’s global expansion strategy and reflects our ongoing commitment to working with strong local partners in key markets across the globe […] By continuing to add new fiat/crypto pairs for Huobi Cloud 2.0, we want to make it frictionless for investors anywhere in the world to trade digital assets on a trusted and proven platform.”
Driving Crypto Adoption In Indonesia
The exchange considers Indonesia to be a “major opportunity to contribute to the growth of the greater blockchain community and help drive crypto adoption globally.”
Huobi Indonesia CEO Xiong Dan adds that the new fiat gateway is an “exciting milestone” for the Huobi team in Indonesia:
“We will continue to expand the Indonesian market, consolidate and improve service quality”
Source: Cointelegraph | PR Newswire