Huobi Indonesia’s fiat gateway enables trading between IDR and USDT

Huobi Indonesia has revealed the local fiat gateway that will allow a direct fiat to the crypto trading facility between the Indonesian Rupiah or IDR and Tether or USDT.

This latest move will make it feasible for the Indonesian based investors to use the local fiat currency for trading more than 250 cryptocurrencies available on Huobi Indonesia's digital asset exchange.

According to the announcement of the cryptocurrency exchange, Indonesia presents a huge opportunity to boost the growth of the greater blockchain community. It will help in enhancing crypto adoption all across the globe.

Executive Opinion

Senior Director of Huobi Cloud, David Chen, 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. Earlier in 2019, Huobi announced plans for an Argentine Peso (ARS) fiat gateway with the establishment of Huobi Argentina."

Huobi Indonesia CEO, Xiong Dan, said, "Huobi Cloud's technology and infrastructure bring transaction liquidity to Huobi Indonesia's fiat gateway, along with many other benefits to local users like market depth, security, efficiency, and more. By enabling IDR/USDT trading, Huobi Indonesia aims to lower barriers to investor onboarding and become the largest Indonesian exchange within the next six month. The Indonesian Rupiah fiat gateway is an exciting milestone for the Huobi Indonesia team. We will continue to expand the Indonesian market, consolidate and improve service quality, fulfill market commitments, and accelerate the development of local businesses."

Huobi's Blockchain Community

Huobi strives to offer local customers with direct access to a larger amount of liquidity available with the help of Huobi Cloud via this new fiat gateway.

Additionally, users will also get several other advantages that may include market depth, efficiency, and security, among others.

With the help of this latest announcement, Huobi Indonesia seeks to bring down blockades to investors onboarding. It aims to become the largest Indonesian exchange in six months.

Huobi Cloud has emerged as a leading technology solution provider that allows partners to establish safe and stable crypto-to-crypto trading, ITC, ecosystem solutions, among others.

Since the launch of Huobi Cloud in the year 2018, it has revealed more than 120 exchanges that may include Huobi-branded exchange partnerships with local partners like Huobi Thailand, Huobi Russia, etc.