Huobi Group, a digital asset financial service provider, has opened a new office in Moscow, Russia. Huobi Russia is a crypto exchange that will work in partnership with the VEB Digital Transformation Center in blockchain and exchange trading fields.

David Chen, Huobi’s senior business director, has stated that the launch of Huobi Russia will allow Russian users to leverage its technology and trading services. He further added that Russian traders and cryptocurrency users will now have access to its safety, stability, and enhanced user experience.

Reportedly, Huobi will work in collaboration with the VEB Digital Transformation Center in the fields of training, regulatory initiatives, and blockchain research. Huobi Russia also intends to offer blockchain and business development services to Russian users in future.