One of the leading exchanges in the crypto market, as Hong Kong regulators continue to work to become the cryptocurrency hub of Asia. Huobi GlobalAn important move came from .
at Huobi Global Justin Sun, founder of Tron (TRX)announced that Huobi has applied for a crypto trading license in Hong Kong.
Sharing this news on Twitter, Justin Sun said:
“There is big news for crypto today.
Huobi Global announced that it has applied for a crypto trading license in Hong Kong.
This is an important step for the major cryptocurrency exchange and a sign of its commitment to continue to operate in a harmonious and regulated manner.”
Sun stated that with this new license, Huobi can expand its services and offerings to customers in Hong Kong and offer a wider range of crypto trading and investment options.
of this news cryptocurrency Arguing that it is great for traders and investors looking for a reliable platform to buy, sell and store, Sun said that in addition to the license application news, Huobi is in Hong Kong. “Huobi Hong Kong” It also announced that it has launched a new exchange called.
“In addition to the licensing news, Huobi is launching a new exchange in Hong Kong, aptly named Huobi Hong Kong.
The exchange will be fully compliant with local regulations and offer customers a range of trading pairs and services.
The new exchange will focus on providing trading services to institutional investors and high-net-worth individuals in Hong Kong.
It positions the exchange as a reliable and secure platform for larger investors in Asia looking to enter the crypto market.”
Huobi Token (HT), which started to rise after this news, has increased by 15% in the last 24 hours. At the time of writing, HT continues to trade at $5.93.
Big news for crypto today: @HuobiGlobal has announced that it’s applying for a crypto trading license in Hong Kong🇭🇰! This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner. 🇨🇳
— HE Justin Sun🇬🇩🇩🇲🔥₮ (@justinsuntron) February 20, 2023
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