Huobi Group has officially announced the launch of its new mobile awarding, Huobi Lite. Per a March 10 declaration, the new app will allow anyone to trade major cryptocurrencies on Android and iOS without fees or commissions.

Users will exist able to trade cryptocurrencies with fiat currencies such as the United States Dollar, Vietnamese Dong, Malaysian Ringgit, Hong Kong Dollar and Chinese Yuan through multiple payment methods, including credit cards.

Crypto avails supported in the app

Currently, Huobi Calorie-free supports BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD, although they take clarified that they await to incorporate new crypto avails in the futurity.

Users will be able to store, rail and manage their portfolios and the company claims that a Bitcoin tin can be obtained in less than five minutes with the mobile app.

On the launch of Huobi Lite, Ciara Sun, VP of global business at Huobi Group, said:

"Past reducing the barrier to entry and catering to both beginners and veteran traders, we're vying for mainstream adoption across the world, specially in underserved markets like Southeast Asia."

Cointelegraph reached out to Huobi for additional details merely received no response as of press time. This commodity volition be updated accordingly should a response come in.

About Huobi Group

Huobi Group is a global blockchain company founded by Leon Li in 2022. Currently, the crypto exchange has an accumulative turnover that exceeds USD $iii trillion and offers its services to users from more 170 countries.