The Russian branch of digital asset exchange Huobi is scheduled to open on Nov. 12 with a Russian-language website and local support services. The global cryptocurrency company wants to support Russian startups and mining projects, in addition to launching an educational program.
Also read:Abu Dhabi Securities Exchange to Create Infrastructure for Cryptocurrency Assets
New Branch to Maintain Russian Call Center
Huobi Global Senior Director Edward Chen and Andrei Grachev, head of the Russian office, announced the launch date during the Blockchain Life conference in Saint Petersburg this week. They revealed that the branch will provide 24-hour online support and maintain a call center with Russian-speaking account managers. Huobi, which is currently the third-largest cryptocurrency exchange by daily trading volume, plans to establish an accelerator for blockchain projects, Russian news outlet Bitnovosti reported. The incubator will look for promising startups in partnership with a network of regional chambers of commerce throughout the Russian Federation.
Huobi’s office will also launch an educational program that will focus on cryptocurrency and distributed ledger technologies. The exchange will cooperate with leading Russian universities and other organizations on the initiative. Plekhanov University of Economics, the oldest Russian business school, and the prestigious Moscow State Institute of International Relations are already among its partners, according to Grachev. Students will be trained in the specifics of digital asset management and taught about the automated and algorithmic trading services offered by Huobi.
The Singapore-based company also intends to participate in the development of so-called mining hotels in Russia. In recent months, the number of these facilities has been growing exponentially, as they offer relatively inexpensive “accommodation” for small mining farms, which tend to be too noisy and energy-thirsty to be housed in offices and homes. Rental rates depend on the power
