Cryptocurrency exchange Huobi is going to launch a fiat gateway in the country of Indonesia to enable a fiat-to-cryptocurrency trading between Tether (USDT) and the Indonesian Rupiah (IDR). According to a press release on December 27, Huobi announced that this launch will be able to help investors utilize the IDR to trade more than 250 cryptocurrencies available on Huobi Indonesia.
David Chen, Huobi senior director said:
“The new fiat gateway is part of Huobi’s global expansion strategy and reflects our ongoing commitment to working with strong local partners in key markets across the globe […] By continuing to add new fiat/crypto pairs for Huobi Cloud 2.0, we want to make it frictionless for investors anywhere in the world to trade digital assets on a trusted and proven platform.”
Huobi believes Indonesia to be a “major opportunity to contribute to the growth of the greater blockchain community and help drive crypto adoption globally.”