Cryptocurrency exchange, Huobi, announced that it is all set to launch a peer-to-peer (P2P) exchange in India on Thursday.
In an email to its users, the exchange said it was all set, “to set up a platform, that allow users and merchants to trade digital assets with local currencies.”
The mail further added that the features on the exchange for its Indian users would include, zero transaction fee for bitcoin, ethereum and Tether (BTC, ETH and USDT, respectively). It further said, if a user wished to trade ‘more volume’ with, they could transfer to Huobi Global exchange.
A few weeks ago, the exchange had sent another mail to its users asking them to become Global Merchants. According to the mail, “After becoming a global merchant of Huobi OTC, you will be entitled to: post fiat-to-token advertisements to gain more earnings during “Buy & Sell” processes; enjoy zero transaction fee and obtain 7*24 customer support.”
We reached out to Huobi regarding this and they said, “Currently there is no official updates on this.” Upon further enquiries, a spokesperson confirmed that the news was true. The spokesperson said, “Ohh I see. For OTC supports INR currency
Yes. It’s legit.” However, they are yet to make an official announcement on their social media.
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