Huobi partner HBUS announces US-based trading platform

Posted 09 July, 2018

The strategic partner of the leading trading platform Huobi, HBUS has reportedly become available for the US users.

According to the news reports, the platform's clients in the USA can make deposits in Bitcoin and Ethereum. At the same time, the trading is said to be launched in coming days:

"However, users won't be able to trade or make withdrawals until the marketplace goes live on July 10, 2018."

The company's central office is located in San Francisco. HBUS reportedly plans to develop a competitive market where traders may have a great variety of digital coins to deal with. It is worth mentioning, HBUS has a strategic partnership with one of the major crypto exchanges – Huobi.

"Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors’ acceptance of virtual currency and digital assets increases, we have seen incredibly high demand in the U.S.," commented to the media company CEO Frank Fu.

As for the fiats, the platform will not provide such trading services so far due to certain complications with certifications.

"Trading USD to virtual currency requires complex licensing and cooperation with US financial regulations and organizations. At this time, we are not accepting any fiat to virtual currency trading and make no predictions as to future availability," according to the post on the company website.

Notably, following the AML regulation, all users will have to pass verification and identification on the platform.

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09 July, 2018 14:07

← South Korea not oppose cryptocurrencies

Seoul is said to consider some easing of the regulation for cryptocurrency segment following the guideline of the G20. It is reported that the G20 members agreed on the deadline for the development of the single crypto segment rules. As a result, the latest date has been set for this July. At the same time, South Korea’s Financial Services Commission and Financial Supervision Service revised certain main rules for the local platforms.

South Korea not oppose cryptocurrencies

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