In recent tweet, H.E. Justin Sun, the advisor at Huobi Global, announced that the company would be applying for a crypto trading licence in Hong Kong.
With this approach to the crypto world, Huobi Global will solidify its position as a leading cryptocurrency exchange, particularly in Hong Kong. As a result, by operating in a legitimate and regulated manner, the platform promises to give additional security to its traders and investors.
The Crypto Trading Permit:
As stated in a recent tweet by H.E. Justin Sun, Huobi’s new license will allow the company to increase its service and product offerings to clients in Hong Kong. Because of the license, the site can provide its consumers a broader selection of cryptocurrency trading and investment tools.
With this licensing news comes the announcement that Huobi would create a new exchange in Hong Kong, also called Huobi Hong Kong. The exchange will provide consumers with various trading pairs and services while adhering to all applicable local laws and requirements.
The new Hong Kong exchange will cater to institutional investors and HNWIs by offering a full suite of trading services. It advertises the market place as a safe and reliable place for huge Asian investors to trade cryptocurrencies.
This licencing approach by Huobi Global is great news for traders and investors who want a secure environment to buy, sell, and keep their digital assets.
Huobi Global, ranked eighth on ConiMarketCap’s best cryptocurrency spot exchanges list, is a cryptocurrency exchange that specializes on trading and managing crypto assets. When the company’s founders, Leon Li and Jun Du, founded it in 2013, their primary goal was to use blockchain’s powers to transform banking.
The organization has matured over the past decade into a trustworthy marketplace for trading assets. Huobi worldwide, headquartered in the Seychelles with more than 200 Regional Service Centers, serves a user base of over 10 million with a 24-hour trading volume of $4,919,975,949.
Spot trading, derivative trading, and staking are all viable options for making money on Huobi Global. The Huobi Token (HT) is one of their native tokens that may be traded on the platform. This cryptocurrency exchange provides various services, making it a trusted and preferred option among many traders.
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