Singapore, May 26, 2023 / AlexaBlockchain/ – Huobi, a renowned cryptocurrency exchange platform, announced the launch of Huobi HK today, which aims to provide cryptocurrency trading services to users in Hong Kong. With this move, Huobi is set to play a significant role in driving Hong Kong towards becoming the global hub for Web3, the decentralized internet.
Huobi HK will enable users to buy, sell, and hold mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), along with other major cryptocurrencies listed on the independent index. By delivering an excellent trading experience, Huobi aims to cater to the needs of Web3 users in Hong Kong.
This development comes at a time when Hong Kong has been gradually implementing crypto-friendly policies since last year. Just recently, the authorities announced the forthcoming introduction of “crypto regulations.” The Hong Kong Securities and Futures Commission (SFC) has indicated that more details regarding virtual asset trading regulations will be unveiled starting June 1st. This means that retail investors may have the opportunity to trade digital assets on licensed platforms as early as the second half of 2023.
As a cryptocurrency exchange platform with a decade-long history, Huobi has been actively involved in the development and construction of Hong Kong’s Web3 ecosystem. Notably, Huobi made significant contributions to Hong Kong’s first Web3 ecosystem fund during this year’s Hong Kong Web3 Carnival. Furthermore, the company is actively preparing to apply for a cryptocurrency trading license in Hong Kong. Huobi aims to open the Hong Kong market in a compliant and regulated manner, thereby accelerating the development of the city’s Web3 ecosystem.
A representative from Huobi emphasized the importance of Web3 regulation in Hong Kong and its potential impact on global cryptocurrency adoption. The representative stated, “Regulation of Web3 in Hong Kong will contribute to the widespread adoption of cryptocurrencies on a global scale. Huobi will continue to collaborate with regulatory authorities in Hong Kong to support the development of a vibrant Web3 hub.”
The launch of Huobi HK marks an exciting step towards establishing Hong Kong as a leading global center for Web3 innovation. With Huobi’s extensive experience in the cryptocurrency industry and its commitment to regulatory compliance, the platform is poised to provide Hong Kong users with a secure and reliable gateway to the world of cryptocurrencies. As the crypto landscape continues to evolve, all eyes will be on Hong Kong’s progress as it strives to become a pioneering force in the Web3 revolution.
With its launch in 2013, Huobi has transformed from a mere crypto exchange to a diverse ecosystem of blockchain enterprises encompassing digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. Operating across more than 160 countries and regions on five continents, Huobi caters to millions of users worldwide. The company’s core development strategies, focused on global expansion, technology-driven growth, and utilizing technology for positive impact, reflect its dedication to delivering comprehensive services and value to cryptocurrency enthusiasts worldwide. https://www.huobi.com/en-us/
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