Share this article
Huobi Launches USD Exchange With 24/7 Customer Support
Huobi has added a USD-based trading platform to its growing family of services, promising a secure legal environment.
Updated Sep 11, 2021, 11:10 a.m. Published Sep 18, 2014, 1:02 p.m.
Huobi has added another branded service to its collection with the launch of BitYes.com, a USD-based platform for trading bitcoin and litecoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The China-based bitcoin exchange company launched BitYes at its first anniversary celebration at Beijing's Shangri-La Hotel last Saturday.
will feature 24/7 English customer support available through multiple channels including Twitter, Facebook and Reddit, with a VIP system providing additional services to 'high-value' users.
It has a 0.2% standard trading fee, 0% BTC and LTC deposit/withdrawal fees, a 1% fiat currency deposit fee, 2% Egopay withdrawal fee, or 0.1% fee for withdrawal to bank card.
Marketing to new customers
Huobi is offering special introductory deals: the first 1,000 users may trade free for 30 days, as well as the first $1,000 depositors.
BitYes is aimed squarely at international customers, but it is registered to Bit International Financial Services Ltd, a Hong Kong-registered subsidiary of Huobi. The company says this will produce both better service and a more secure legal environment.
BitYes has also collaborated closely with leading law firms to ensure regulatory compliance across different jurisdictions.
Growing product mix
product family has grown markedly over the past couple of months with a series of launches and acquisitions, many offering something completely separate to the original and comparatively straightforward exchange business.
Each new product appears to appeal to a wider variety of digital currency traders and reduce the company's dependence on the mainland Chinese market, with its regulatory uncertainty. All new services have been launched simultaneously with English and Chinese versions.
These include BitVC, also part of the Hong-Kong subsidiary, a non-fiat exchange offering margin and futures trading, Yubibao interest-bearing wallets, the multi-signature Quickwallet, the Qukuai/Blockinfo block explorer, mining-linked investment products and an upcoming P2P lending platform.
Quickwallet provides users with the ability to make instant-confirmation deposits from their personal wallet to the exchange. This product will also be integrated with BitYes to provide the same functionality.
A recent cryptographic audit of Huobi's acconts showed it held 103% of claimed bitcoin reserves. It also claims a perfect security record over its one year of operation and, like rivals OKCoin and Huobi, have found a way to operate within a Chinese regulatory framework that once threatened to stifle the country's nascent bitcoin industry.
US dollars image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Michael Saylor's Strategy Made Second Consecutive $1B Bitcoin Purchase Last Week
Despite the continued struggles of its share price, Strategy again funded the purchase mostly via sales of common stock
What to know:
- Strategy last week purchased 10,645 bitcoin for $980.3 million.
- The fresh acquisition was mostly funded by sales of common stock.
- Total bitcoin holdings rose to 671,268 acquired for $50.33 billion, or an average price of $74,972 each.
Top Stories
