Huobi Australia: The world’s fourth-largest cryptocurrency exchange by its daily trade volume, Huobi, just announced that it is launching its exchange in Australia today, July 5th.

Huobi Australia

The trading pairs on the new Australian platform are set to be phased in throughout Thursday starting at 10:00 AM Sydney time.  The ten pairs that will be launched include:

Bitcoin (available on Coinbase) (BTC)/AUD
Ethereum (available on Coinbase) (ETH)/AUD
Bitcoin (available on Coinbase) Cash (BCH)/AUD
Litecoin (available on Coinbase) (LTC)/AUD
Ethereum (available on Coinbase) Classic (ETC)/AUD
Power Ledger (POWR)/AUD
Aelf (ELF)/AUD
Cortex (CTXC)/AUD
Data (DTA)/AUD
IOST (IOST)/AUD

The official announcement via Huobi’s website says:

“In the future, Huobi Australia will open more trading pairs to all users so please stay tuned!”

Australia has stringent requirements on cryptocurrency exchanges, similar to Japan.

“For Huobi Group, the move to Australia is a natural fit… We are keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market,” says Adrian Harrison, Huobi Australia CEO.

Huobi’s recent international push is due to many of the other major cryptocurrency exchanges making a push towards foreign markets. Binance announced earlier that it has moved to Malta, and Coinbase, the largest cryptocurrency exchange in the US, is planning on setting up its own Japanese operation.