Huobi Launches New Commission-Free Trading Application

Huobi Group has launched a new application for “commission-free crypto trading” according to a post from the company.

Of course, users will be able to trade Bitcoin, Ethereum, and other major cryptocurrencies within the application. It will be available for free on Android and iOS. The application is called Huobi Lite.

The application also works a variety of fiat currencies:

“Huobi Lite gives users a simplified trading experience that makes it incredibly easy 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.”

Interested users can also take advantage of crypto to crypto trading pairs such as Bitcoin, Tether, Bitcoin Cash, Ripple, and Litecoin. More will be brought in over time.

On top of this, Huobi Lite ensures users can streamline the onboarding process. It gets rid of traditional know-your-customer policies and instead ensures traders will get to their first Bitcoin “in less than five minutes.”

Speaking on the matter is Ciara Sun, the Vice President of Global Business at Huobi:

 “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.”

The goal is to increase mainstream adoption by streamlining the process, as many cryptocurrency projects are attempting to do.

Last week, Huobi opened up a Thailand exchange.