Huobi Global is benefiting from the rising crypto market in Russia.
With plans to move into Russia, Huobi Global exchange, which started in Seychelles, thought it needful to employ Vladimir Demin to be the new chief company advisor. Among other things, Demin is expected to make Huobi Global more recognized in Russia.
In the announcement, it was revealed that Demin is not even new to the company as he was once a partner and CEO.
Demin understands that there are several opportunities to take full advantage of in Russia. His ambition as the new company advisor is to make Russians see Huobi Global as what they need to satisfy their crypto needs.
Huobi Global in Russia now contributes one-tenth of the total trading volume of Huobi Global. There are now over 4,000 people who have signed up an account on the exchange.
According to the vice president of Huobi Global Markets, Ciara Sun, it will be easy for users of Huobi Russia to also access the exchange’s global services.
Huobi is also making plans to start their crypto savings system but it already announced that it won’t be for everybody. Beneficiaries will be able to save up to 3,000 Tether (USDT) or the same value of coins in Bitcoin (BTC).