Huobi Reveals Expansion to South Asia, Middle East and Africa

Mohit Davarm Co-founder of Huobi MENA announced the plans of the international crypto trading leader at the World Blockchain Summit in Dubai.

Alongside the expansion to the Middle East, South Asia, and African markets, Mohit also revealed that the main reason behind establishing the company’s regional head office in Dubai is the city’s efforts in becoming a blockchain hub.

The newly-formed operations team in Dubai will cover the three regions to replicate the company’s successful eco-system model. That will include token-to-token trading, OTC trading, community development, blockchain projects incubation, and an educational center.

OTC and token-to-token trading are currently available through a beta version. The company aims at providing a reliable and safe digital asset trading platform for millions of clients in the new regions.

With a live online trading platform, Huobi MENA is seeking to partner with regional leaders. They plan to start with AI (Artificial Intelligence) traders who will deliver AI-based trading solutions for digital assets.

Huobi Group consists of ten downstream and upstream enterprises and is among the leading blockchain companies in the world. Following its launch in 2013, it has successfully reached a cumulative turnover exceeding a trillion dollars.

The company provides its crypto trading services to millions of users across 130+ countries. Huobi operates from its offices in several countries, including Singapore, Hong Kong, South Korea, Australia, Luxembourg, and now the newly opened office in Dubai.

The World Blockchain Summit is a worldwide series of elite events in 15 destinations across the globe. The summit connects like-minded individuals in the blockchain industry, including government authorities, regional businesses, tech entrepreneurs, IT leaders, blockchain developers, and investors.

The event held in Dubai at Jumeirah Emirates Towers on 24th and 25th October is among the most prominent summits in this region, welcoming over 1000 attendants. The next WBS events will take place in Amsterdam on November 9th, Mauritius - on November 30th, and Riyadh - on December 5th & 6th.