[PRESS RELEASE – Singapore, Singapore, May 26th, 2023]
Huobi introduced the launch of Huobi HK and said that they are going to present cryptocurrency buying and selling providers to customers in HK. Huobi HK will play a major position in driving Hong Kong in direction of changing into the worldwide hub for Web3.
Sooner or later, customers will have the ability to purchase, promote, and maintain mainstream cryptocurrencies comparable to BTC and ETH, in addition to different main cryptocurrencies listed on the unbiased index by means of Huobi HK. Huobi goals to ship a wonderful buying and selling expertise to Web3 customers in Hong Kong.
Hong Kong has been step by step implementing crypto-friendly insurance policies since final 12 months and just lately introduced the introduction of “crypto rules.” The Hong Kong Securities and Futures Fee (SFC) has additionally introduced that extra particulars concerning digital asset buying and selling rules will come into gentle beginning June 1st, and retail traders might be able to commerce digital belongings on licensed platforms as early because the second half of 2023.
As a cryptocurrency change platform with a decade-long historical past, Huobi is actively concerned within the growth and building of Hong Kong’s Web3 ecosystem. It’s value noting that in this 12 months’s Hong Kong Web3 Carnival, Huobi turned a major contributor to Hong Kong’s first Web3 ecosystem fund. Moreover, Huobi is actively getting ready to use for a cryptocurrency buying and selling license in Hong Kong. Huobi goals to open the Hong Kong market in a compliant and controlled method that can speed up the event of Hong Kong’s Web3 ecosystem.
A consultant from Huobi said, “Regulation of Web3 in Hong Kong will contribute to the widespread adoption of cryptocurrencies on a worldwide scale. Huobi will proceed to collaborate with regulatory authorities in Hong Kong to help the event of a vibrant Web3 hub.”
Based in 2013, Huobi has advanced from a crypto change right into a complete ecosystem of blockchain companies that span digital asset buying and selling, monetary derivatives, wallets, analysis, funding, incubation and different areas. Huobi serves hundreds of thousands of customers worldwide, with a enterprise presence protecting over 160 international locations and areas throughout 5 continents. Its three growth methods – “world growth, expertise drives growth, and expertise for good” – underpin its dedication to offering complete providers and values to world cryptocurrency lovers.