Huobi Group has launched Huobi Lite, a new mobile app for crypto trading that lets users to enjoy commission-free trading.
Huobi made the announcement in press release published on its website on March 11. Huobi Lite is available on iOS and Android platform and allows to users sell or purchase cryptocurrencies at best available prices and also without any commission and trading fees.
According to Huobi Global, the app allows users to trade cryptocurrencies with fiat currencies like the United States Dollar (USD), Vietnamese Dong (VND), Malaysian Ringgit (MYR), Hong Kong Dollar (HKD), and Chinese Yuan (RMB) via various payment methods, including credit cards.
Currently, Huobi Lite supports BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD with more assets to be added in future. The app also supports crypto-to-crypto swaps with zero fees, and provides users with access to competitive market prices.
Huobi Lite also simplifies new users onboarding process by eliminating lengthy KYC process requirements, enabling a new users to get his first Bitcoin in less than five minutes. In addition to that, the app serves as a primary portal for users to store, track, and manage their portfolios.
Huobi Global further said:
“Huobi Lite is committed to providing users with the highest level of security backed by the same underlying technology that has safeguarded the Huobi Global platform throughout its six years in operations. 24/7 security monitoring, access to global market liquidity, and a dedicated 20,000 BTC security reserve fund provide Huobi users with unparalleled security for their assets.”
Huobi Global, headquartered in Singapore, is a global blockchain company founded by Leon Li in 2013. The group has been financed by ZhenFund and Sequoia. It has over 1,300 employees and established subsidiary companies and partnership companies in 12 countries, including the U.S., Japan, Thailand, Gibraltar, Indonesia, and Argentina.
Ciara Sun, VP of Global Business at Huobi, commented:
“Huobi Lite gives users a simpler way to trade crypto without sacrificing the trust, performance, and security they’ve come to expect from other Huobi products. The current process of buying and selling cryptocurrencies can be unnecessarily complex for the average person, so we’re distilling the experience down to a few easy steps. By reducing the barrier to entry and catering to both beginners and veteran traders, we’re vying for mainstream adoption across the globe, especially in underserved markets like Southeast Asia.”
As Crypto Economy reported, Huobi Group also announced the official launch of Huobi Thailand with Thai Baht-to-crypto trading on March 6.