April 25, 2024

Huobi US Exchange Announces Termination

A division of the San Francisco-based cryptocurrency exchange Huobi has announced that it will cease operations.Bidding will be closed on December 15 at 23:30 Eastern Standard Time.

Exchange management reported on the social networkTwitter, that Huobi US is forced to suspend trading operations on the site and close it in order to develop a more holistic and effective approach for the implementation of its strategic plans. At the same time, the exchange did not disclose details about further restructuring.

Huobi Global warned last month thatfreezes the accounts of all American users on its platform, as it intends to comply with the requirements of local regulators. The exchange invited US users to transfer their assets to the Huobi US site, calling it a strategic partner of Huobi Global.

Note that the Huobi exchange is actively expanding inother countries. In November, Huobi Global launched the Huobi Cloud platform in the Middle East to create secure and stable digital asset exchanges, and in September opened a branch in Argentina.