As part of its expansion plans in Russia, the Seychelles-based exchange Huobi Global has appointed Vladimir Demin as the company’s primary advisor. His main task will be to contribute to the development of the business market in the region.
According to the announcement, he was previously partner and CEO of Huobi Russia.
Demin believes that the market opportunities in the country for both crypto and blockchain are “enormous”.. He hopes to help Huobi Global expand the high demand for crypto products in Russia.
The trading volume of Huobi Russia reached almost 10% of the total volume of Huobi Global, considering that the exchange currently has a customer database of more than 4,000 users.
Ciara Sun, vice president of Huobi Global Markets, said they will offer a one-click migration option from Huobi Russia following a campaign announcing the brand update.
Huobi recently announced a cryptocurrency saving system that will be available to a portion of its users. Each individual account has a limit of 3,000 tether (USDT) or the equivalent value in Bitcoin (BTC).