Through this collaboration, AstroPay will provide fiat-to-crypto payment services for Huobi Global users across South America. Consumers in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Uruguay can fund their accounts using local currencies via AstroPay's digital wallet.
Expanded Payment Options for Latin American Users
The partnership enables Huobi Global users in the region to purchase cryptocurrencies through multiple payment methods, including:
- Credit/debit cards
- Bank transfers
- Local payment alternatives like Brazil's Pix and Mexico's SPEI
Huobi's Commitment to Latin America
Lily Zhang, CFO of Huobi Global, stated:
"Latin America has a young, dynamic population passionate about crypto. We've seen significant growth in new Huobi users from this region. Our AstroPay partnership aligns with our mission to make digital asset transactions secure, convenient, and enjoyable."
AstroPay's Role in Crypto Adoption
Sara Rita, AstroPay's CCO, emphasized:
"Our expertise in Latin American payments allows Huobi users to buy/sell crypto in local currencies, driving higher transaction volumes and broader market participation."
Key Benefits of the Integration:
- Supports 130+ local payment methods
- Enables cash deposits, e-transfers, and online banking
- Helps exchanges attract thousands of new customers in emerging markets
👉 Discover how Huobi simplifies crypto access in emerging markets
Strategic Expansion Through Acquisition
Huobi recently strengthened its Latin American presence by acquiring local exchange Bitex. Though financial terms weren't disclosed, this move grants Huobi access to Bitex's established network across:
- Argentina
- Chile
- Paraguay
- Uruguay
Post-Acquisition Plans:
- Platform Integration: Merging Bitex's exchange with Huobi's global infrastructure
- Brand Independence: Bitex maintains its identity under current management
Market Growth: Targeting Latin America's 660M+ population with:
- Additional fiat currencies
- Local partnership initiatives
FAQs About Huobi's Latin American Services
Q: Which countries support AstroPay payments on Huobi?
A: Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Uruguay.
Q: Can I use cash deposits to buy crypto?
A: Yes, AstroPay supports cash payments through affiliated locations.
Q: Will Bitex users migrate to Huobi's platform?
A: Bitex continues operating independently while integrating some Huobi services.
Q: What currencies does Huobi plan to add?
A: Specifics aren't announced, but expect more LATAM fiat options soon.
👉 Explore Huobi's global crypto trading platforms
Future Outlook
This strategic expansion positions Huobi as a leader in Latin America's crypto adoption by:
- Removing fiat onboarding barriers
- Leveraging local payment expertise
- Building infrastructure through acquisitions
With these developments, Huobi demonstrates its commitment to making cryptocurrency accessible across diverse economic landscapes.