Asian cryptocurrency exchange Huobi has announced that it will terminate its derivatives service in New Zealand.
Huobi August 16 In a statement on its official website on will end reported.
Huobi, which will update New Zealand as a limited business in its user agreements, August 23 All users based in New Zealand derivative transactions simultaneously will restrict announced. With the restriction, New Zealand-based investors within the scope of derivative products, coin secured transactions, coin-collateralized swaps, to options, usdt secured contracts and stock market investment products access will be suspended.
According to the information given, August 23 restriction, which will begin on New Zealand KYC and ROPE It will be valid for all derivatives investors with their addresses. As of this date, New Zealand-based users can use derivative products. new position opening will be blocked. New Zealand investors they are currently carrying derivative positions from August 23 then to carry able to continue.