Huobi Group’s New Crypto Trading App Goes Live Author: Ali Raza Last Updated: 13 June 2020 Huobi Group has announced the official launch of a new mobile crypto trading app, Huobi Lite, which allows crypto trading with no fees of commissions. Yesterday, March 10th, the Huobi Group published an official announcement regarding the launch of its new mobile trading app. The app, called Huobi Lite, will allow anyone to trade many major cryptocurrencies with no fees or commissions. Also, the app is now available on iOS and Android alike. What does the app do? Apart from being able to trade with no fees, users will also have access to fiat currencies, including the US dollar, Malaysian Ringgit, Vietnamese dong, Chinese yuan, and the Hong Kong dollar. Fiat currencies can also be deposited or withdrawn via several payment methods, including credit cards. The app currently supports nine different cryptocurrencies, including BTC, ETH, XRP, USDT, BCH, LTC, EOS, HT, and HUSD. However, more altcoins will be supported in the future. In addition to trading coins, users will also have the ability to store, manage, and track their portfolios. On top of that, the company also claims that the app will allow users to buy Bitcoin in less than five minutes. Huobi Group’s VP of global business, Ciara Sun, commented on the app’s launch, stating that it will reduce the entry barrier and cater to the needs of beginner and veteran traders alike. As such, it will push adoption across the world, and especially in underserved markets, such as the Southeast Asian region.