Huobi is one of the big players in the cryptocurrency exchange market worldwide, and the leading cryptocurrency platform in China. Now it aims also to become a key player in the US markets. In this regard, on July 10th, Huobi will launch a cryptocurrency exchange platform for the US markets. Named HBUS, the US-dedicated cryptos platform will open registrations today, at 10 PM PDT.
For the beginning, HBUS will only support crypto-to-crypto exchanges and will include Bitcoin (BTC) and Ethereum (ETH) as its primary assets, but will also support other cryptos.
HBUS is not an arm, subsidiary, division, or any type of affiliate of Huobi. Nor is HBUS to be referenced as “Huobi US” or any variant thereof.
Huobi statement on HBUS
HBUS, the Huobi cryptocurrency platform for the US markets, will operate under the US laws regarding crypto-related activities and not only
As it will run in the US, HBUS, Huobi’s cryptocurrency platform for the US markets, will obey the US federal anti-money laundering (AML) and counter-terrorist financing (CTF) legislation and will be registered as a money service business (MSB), supervised by the Financial Crimes Enforcement Network.
HBUS will have its headquarters in Coinbase’s hometown, San Francisco, also the ‘home’ for dozens of FinTech companies and blockchain-related businesses. On the other hand, Huobi’s cryptocurrency exchange platform for the US markets will also obey the control of the Office of Foreign Assets Control, the US institution that supervises the US economic and applies sanctions across the United States.
With this move, Huobi, the popular cryptocurrency exchange platform, extends its operations around the world even more, just after it announced the launch of Huobi Australia. The Huobi’s decisions show the companies desire to emerge in markets where cryptocurrencies are regulated much stricter.
In short, Huobi’s cryptocurrency exchange platform for the US markets will open registrations today at 10 PM PDT and will allow trades to commence on July 10th.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.