A few days ago, Huobi OTC sent an email to their clients in India, informing them of the launch of its peer-to-peer trading platform in India. The email contained details of the features of the trading platform for Indian digital currency traders. The trading platform will not charge any fee for Ethereum (ETH), Bitcoin (BTC), and Tether (USDT) transactions.
Users that want to trade with more volume can transfer their money to the trading platform – Huobi Global. They’ll be eligible for impeccably trade digital currencies with all-round the clock customer support.
The Benefit of the P2P Exchange
The launch of the platform will serve as a bridge between digital currency traders without any intermediary, such as the RBI – Reserve Bank of India. The Reserve Bank of India had filed a case for the conversion of digital currencies to Indian Rupee (INR) to be prohibited.
About Huobi OTC
According to the official site of Huobi, Huobi OTC acts as an affiliated site of Huobi Pro. It’s a platform that’s dedicated to over-the-counter trades of cryptocurrencies. Users can buy or sell their cryptos on Huobi OTC by posting an ad and then complete transactions with the buyer or seller in order to exchange their digital currency against fiat currencies.
The new peer-to-peer trading platform is aimed at eliminating the present issue faced by digital currency traders in India, which is the conversion of digital currencies to India Rupee. The launch of the platform is the only solution for Indian digital currency traders that want to exchange Ethereum (ETH), Bitcoin (BTC), and Tether (USDT) for INR.
Ethereum (ETH) Price Today – BTC / USD
At the time of writing, Ethereum (ETH) is trading at $463 after a decrease of about 0.6 percent over the past twenty-four hours. The current market cap of ETH is $46.76 billion and its trading volume over the past twenty-four hours is $1.74 billion.