As part of business development in Russia, the Huobi Global cryptocurrency exchange hired Vladimir Demin as an advisor. It will help expand Huobi's presence in Russia.
Demin was previously a partner and CEO of the Russian division of the Huobi Russia exchange. He believes that the Russian market provides "huge" opportunities both for business development and for the digital currency industry itself. He hopes Huobi can make cryptocurrencies even more popular in Russia.
Note that Russian users are active traders on the Huobi trading platform - they make about 10% of the volume of transactions. The number of Russian users of the exchange exceeds 4,000. According to Ciara Sun, Vice President of Huobi Global Markets, users will be able to transfer their accounts from Huobi Russia to the global marketplace with just one click.
Earlier it was reported that Huobi plans to launch bitcoin options trading on its derivatives platform Huobi DM this quarter.
