Crypto exchange Huobi is applying an application for a crypto trading license in Hong Kong. This will allow Huobi to increase the breadth of cryptocurrency trading and investment alternatives it offers to customers in Hong Kong.
Huobi is also establishing a new exchange in Hong Kong with the appropriately called Huobi Hong Kong in addition to the licensing news.
The exchange will provide consumers with a variety of trading pairs and services while operating in full compliance with local laws. Investors will have a secure and trustworthy platform to buy, sell, and store digital assets thanks to this.
The new exchange will concentrate on offering trading services to high-net-worth individuals and institutional investors in Hong Kong. It presents the exchange as a reliable and secure entry point for bigger investors in Asia who want to invest in the cryptocurrency market.
This represents a significant milestone for the leading cryptocurrency exchange and demonstrates its ongoing dedication to conducting business in a compliant and regulated manner.
Huobi’s most recent upgrade also comes in response to a recent Bloomberg story stating that Hong Kong regulators are considering enabling retail investors to trade cryptocurrencies.Â
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