Cryptocurrency exchange Huobi has made a significant announcement regarding the expansion of its services in Hong Kong. 

In a statement made via Twitter on May 29, Huobi HK revealed that it now offers spot trading and managed services to both professional and retail customers in the region.

The exchange highlighted its position as a pioneer in the virtual asset trading space in Hong Kong and also stated that it had officially submitted an application notice to the Hong Kong Securities Regulatory Commission, expressing its intention to obtain a virtual asset exchange license. This move demonstrates Huobi HK's commitment to operating within the legal framework and obtaining the necessary permissions to conduct its business activities.

Over the next six months, Huobi HK plans to collaborate with independent auditors to ensure the platform's compliance with stringent security measures, anti-money laundering protocols, and regulatory requirements outlined by the Hong Kong Securities Regulatory Commission. By focusing on these areas, Huobi HK aims to guarantee the smooth operation of its platform while prioritizing the safety and confidence of its users.

Crypto exchange Huobi has recorded $415,712,190 in trading volume in the last 24 hours, behind exchanges like Binance, Coinbase, and OKX. 

What is Huobi:

Huobi, founded in China and headquartered in the Seychelles, is now one of the largest cryptocurrency exchanges globally, with a significant trade volume. Originally targeting Chinese investors, Huobi has expanded its services to over 130 countries. Being established in 2013, Huobi is also one of the earliest players in the crypto industry, with teams located in Hong Kong, Japan, South Korea, the United Kingdom, Australia, Canada, and Brazil. Additionally, Huobi has introduced its own digital token called Huobi Token (HT), which gained popularity and currently ranks among the top 100 cryptocurrencies by market capitalization.

Where to find Huobi global:

Website | Twitter | Discord | Telegram