The world’s third-largest cryptocurrency exchange, Huobi, is set to launch a new platform in the US called HBUS. The new platform is apparently not a subsidiary of Huobi, but rather an ‘exclusive US strategic partner’.
A soft-launch date is proposed for tomorrow June 10th, with official trading to start on June 15th. Users signing up between then and now will receive a month of free trading.
Huobi was founded in China in 2013 and has since moved its headquarters to Singapore, with additional offices in Hong Kong, Korea, Japan and the US. It has also announced its intentions to expand to the UK market, with plans to open an office in London.
HBUS, which is located in US tech-capital San Francisco, will place heavy attention on the need for regulatory compliance in the US. Employees will be well informed on practices relating to Anti-money Laundering (AML) and Counter-Terrorism Financing (KYC).
Huobi recently launched an exchange-traded fund (ETF) for the crypto market. The ETF is based on its market index and tracks the exchanges top 10 traded digital assets against popular stable-coin Tether (USDT). Earlier this month the exchange announced plans to launch its own blockchain, dubbed the Huobi Chain Project (HCP).
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