Huobi Global OTC desk collaborates with Simplex for both Visa and MasterCard payments

The Singapore headquartered Huobi exchange over-the-counter desk of its Global branch has announced a partnership with Simplex. The collaboration between the companies will see users of the exchange have access to Visa and MasterCard deposits.

The announced released on Thursday 18 said that the users can utilize both credit and debit cards to buy a number of cryptocurrencies including Bitcoin, Litecoin, Ethereum as well as Ripple. Users should note that the deposit has been capped to a maximum of $20,000 on a daily basis while the monthly capped has been set at $50,000. In addition to that, Huobi set a minimum trading fee of $10. The figure can vary with an average of 3.5%. Comment by Ross Zhang, the head of Huobi Group marketing department reads:

“Bridging the divide between the fiat and crypto is still a big problem for the community and this is one of the ways we are looking to solve it. Partnering with Simplex will allow us to significantly minimize the obstacles our customers face – something we are always interested in.”

Another comment by Simplex co-founder and CEO Nimrod Lehavi says:

“We’re thrilled to partner up with Huobi and together enable a much better, fast, and easy experience.”