Leading cryptocurrency exchange Huobi has officially announced the commencement of trading on its Australian platform.

Huobi Australia went live on 5th of July 2018. At launch, the platform supports ten cryptocurrencies for trading against the Australian dollar – Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), PowerLedger (POWR), aelf (ELF), Cortex (CTXC), DATA (DTA), and IOS token (IOST).

“In the future, Huobi Australia will open more trading pairs to all users,” the announcement reads.

According to the official website, Huobi Group has partnered with the local blockchain and crypto industry leader Blockchain Global for offering its services in Australia. It is also interested in collaborating with other Australian blockchain projects.

"Crypto-traders in Australia are increasingly knowledgeable and sophisticated, matched by a receptive regulator with interest in safely developing the market. For Huobi Group, the move to Australia is a natural fit for our technically robust platform." Adrian Harrison, CEO Huobi Australia, said in a statement (as quoted by Finder). "We are keen to partner with the growing numbers of Australian blockchain projects looking to list in a maturing market."

Huobi is currently the third largest cryptocurrency exchange platform with $918 million in 24-hour trading volume at the time of writing.