Cryptocurrency exchange Huobi has added the ability to directly purchase major cryptocurrencies using Visa and Mastercard without intermediaries.
Ciara Sun, Vice President of International Business Development at Huobi Group, announced that the service is being provided by Huobi Technology, the Gibraltar-based regulated arm of Huobi Global. Previously, users of the site already had the opportunity to purchase cryptocurrencies using these credit and debit cards, but when making such transactions, Huobi customers were redirected to third-party services.
Visa cardholders residing in European countries and Australia will now be able to directly buy cryptocurrencies on the exchange. Users from the UK, Gibraltar, France, Poland, Czech Republic, Netherlands and Australia will have access to direct purchase of cryptoassets using Mastercard cards.
“Eliminating middlemen will make it easier for users to buy cryptocurrencies, and their interaction with our trading platform will become smoother,” said Ciara Sun.
Huobi recently integrated the Banxa payment service, which allows UK citizens to make deposits in fiat currencies through the fast payment system Faster Payments. It also allowed EU users to make fiat deposits to the exchange through the European Single Payment System (SEPA), and Australian traders through the POLi payment platform.
As a reminder, Huobi launched Huobi Brokerage digital asset trading platform in January, targeting institutional investors. A few months later, Huobi introduced the Huobi Chain open test blockchain for Decentralized Finance (DeFi) with support for KYC and AML requirements.
