- The Singapore-based exchange Huobi is set to open fiat gateways in Turkey, following their recent expansion into the country.
- . Cryptocurrency exchange Huobi is set to open fiat gateways in Turkey, following its expansion in the country earlier this year.
The exchange will be set to offer around 250 trading pairs against the stablecoin, USDT.
Huobi will be enabling fiat transactions only for the purchase of USDT and are set to be offering around 250 trading pairs against the stablecoin.
Huobi’s EMEA regional president, Mohit Davar, described how this single fiat pair will make the markets less complicated.
He said:
It’s very difficult for any exchange to offer liquidity in the 250 coins that we hold against the local currency.I think generally where there is not a clear regulatory framework in the market, it’s been left to the discretion of the banks to make their own decision.
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