Huobi, one of the most important cryptocurrency exchanges in the world, started to serve under the name of Huobi HK in Hong Kong. The company has launched spot crypto transactions for both retail and institutional clients, while also applying for a license to the Hong Kong regulator.
In Hong Kong, it is considered sufficient for companies to apply for a license to start their activities. Therefore, the company, which meets the necessary conditions for the application, has started to serve as of today. Huobi also announced its application to the Hong Kong Securities and Futures Commission on its Twitter account:
Regulations in Hong Kong will greatly contribute to the worldwide spread of cryptocurrencies. At Huobi, we will continue to work with regulators and support Hong Kong as a Web3 hub.
Huobi, which has recently increased its transaction volumes with the work of TRON founder Justin Sun, has reached a total volume of 12.7 billion dollars in May so far. In this sense, the exchange ranks 4th after Binance, Coinbase and OKX. As of June 1, new crypto regulations will come into effect in Hong Kong. In the past days, Gate.io and OKX exchanges have also officially announced their Hong Kong subsidiaries, and they have also officially announced the cryptocurrencies that they will be trading here.