As part of the measures towards cementing its global presence, popular cryptocurrency trading platform, Huobi has applied for a regulatory trading license in Hong Kong regulatory authorities. This development was announced in a Monday Twitter post by its CEO, Justin Sun on Monday. With this license, Huobi intends to offer its crypto trading services to Hong Kong residents.
According to Sun, the approval of the license will further enable the exchange to provide a wider range of crypto trading and investment options to its users. Meanwhile, the CEO said those offerings will be offered in compliance with the current regulatory framework in Hong Kong.
He described Huobi as a trusted and reliable crypto exchange, which prioritizes the satisfaction of its users. Worthy of note that the exchange provides enablement for traders and investors to buy, sell and store digital assets with ease. Remarkably, Huobi plans to launch its subsidiary in the Hong Kong region. According to the CEO, the new subsidiary will comply fully with Hong Kong’s local regulations. In addition, it will also offer the same trading pairs and services to customers.
Huobi to focus more on institutional investors in Hong Kong – CEO
Meanwhile, Huobi also wants to focus more on institutional investors and high-net-worth individuals in Hong Kong. Sun believes the team possesses the capacity to attract these individuals towards patronizing the trading offerings of the exchange. This thus puts the exchange in the limelight as a trusted and secure protocol for larger investors in Asia.
Beyond applying for regulatory licenses, Huobi has also been leveraging on partnerships to expand its offerings. Recently, it partnered with RocketX, an advanced hybrid aggregator. The partnership materialized to boost the development of the two firms. Notably, the collaboration allows Huobi to utilize RocketX UI and APIs in providing more access to liquidity. Through this, its users now enjoy the “next-level trading experience.”
Worth noting that Huobi also partnered with Oasys games, a gaming blockchain community. The partnership emanated to develop a friendly global gaming ecosystem for users. Recall that Oasys through its optimized blockchain offers gamers with instant transaction speed and zero gas fees.
More so, it is noteworthy that Huobi has continued to remain at the forefront in battle against exploitation within the industry. Recently, it partnered with Binance to intercept part of the funds exploited from Harmony one. According to Binance CEO, Changpeng Zhao, the collaboration aided the success of the funds recovery.