Huobi is aiming to storm the Asian Cryptocurrency market with a new expansion into the Vietnamese market through its Huobi OTC platform.

Back in August, we reported on Huobi Group entering the OTC market through its new platform Huobi OTC, that offered traders a wider variety of Digital Assets to choose from including Bitcoin, Ethereum, USDT, EOS and Huobi Token. Additionally, we found that there were already a wide variety of payment options available, namely bank transfer, Alipay, Wechat, PayPay, Western Union, SWIFT, PayNow, Paytm, QIWI, Interac e-Transfer, IMPS and UPI.

Not long ago news site Thailand Business News published a piece that pointed out that even though Thailand and Vietnam are pushing for regulations regarding ICOs and Digital Assets in general, but until this takes place businesses are heavily restricted to take part in these sectors. Moreover, Vietnam’s biggest Bitcoin exchange had its domain sized earlier during the year.

For this reason, new businesses have it very hard to do compliance locally and this shows that the market structure and dominant forces can change at a fast pace. This is the segment that Huobi wants to push for now with its new OTC market that has several beneficial sides for its buyers and sellers.

Huobi Group has a top-notch team regarding regulatory compliance as they have been also expanding to US markets with not long ago. The company also seems to provide competitive fees on the platform, as they allow free cryptocurrency trading and charge 0% trading fees for certain markets, these include Bitcoin, Ethereum and Tether (USDT) when traded against the Vietnamese Dong. Note here that local competition charges 1-2% as a minimum.

(Image taken from otc.huobi.com)

Additionally, if buyers wish to continue trading after they acquired their assets, they can do free transfers from the Huobi OTC market towards the other exchanges of Huobi Global. This makes trading and investing especially easy and cost-efficient for new users as they are not losing out on any funds during their entry.

(Image taken from otc.huobi.com)

Another beneficial factor of using Huobi OTC is that the exchange has a proven track record of fairness. Huobi Group is operating one of the biggest Cryptocurrency exchanges to date and they also offer escrow services through the new platform, meaning that your funds are securely protected and safe to trade. Every wallet must have the funds inside that are advertised for buying or selling and to complement it, Huobi offers 24/7 professional support for its users.

As Vietnam is not very supportive towards crypto currently, using bank transfers towards traditional exchanges (even if possible) is not a very safe route to go. OTC markets seem like a workaround currently.

Of course the new platform from Huobi is not only open to traders from Vietnam, but also accepts ads for countries like Switzerland, Korea, Russia, Australia, UK, Brazil and more.

Join Huobi OTC if you want to avoid exchanges and start free OTC trading now (even if you are not from Vietnam) or sign-up to the Huobi Exchange through our link.