Altcoin Crypto General News

After Huobi successfully launches in South Korea, it now plans to launch in US as well

The world’s largest cryptocurrency (Huobi) based in China had to shut down last year as the Chinese government put a ban on cryptocurrency. As reported by several journalists, they moved their base to Singapore, offering their trading platform to international customers.

Following their official launch in South Korea, Huobi plans on featuring 200 coins and 208 trading which also includes BTC, USDT as well as ETH. In addition, Huobi also plans to enable the users to trade cryptocurrencies against Won.

In addition to the launch of an exchange, Huobi also hinted at creating an investor protection fund. This fund will be used to immediately compensate losses that are not caused due to investors. However, it is not clear how large the investor’s protection fund is going to be or how it will be used to compensate users.

As per several reports, Huobi has previously registered with the US government as Money Services Business. And now intends on launching their exchange in the United States following their successful launch in South Korea.

About the author

mm

Safdarali Rizvi

Safdarali Rizvi – The Tech Geek, possessing some extraordinary coding and web designing skills, he is the man behind the development of Bittflex. He never fails, right from solving web errors to updating content regularly. He is the backbone of this project always available to us 24 hours a day, 7 days a week. A true workaholic.

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *