The platform will now be able to expand its business through fully regulated operations in the region

​Huobi exchange has received a license in Gibraltar

09.11.2021 - 08:00

79

1 min

.

What's new? Huobi, a major bitcoin exchange, has published a press release announcing the news that its subsidiary Huobi Gibraltar has received a license from the Gibraltar Financial Services Commission (GFSC).

The full Huobi Press Release

What is known about the new license? Huobi has received regulatory approval to transfer its spot trading services, which were previously operated in the Seychelles jurisdiction. Previously, the exchange only had a DLT license in the region, providing the ability to provide services under distributed ledger technology.

According to the Huobi Group co-founder Du Jun, this will attract institutional and retail investors, thanks to the availability of a license from the European regulator. In addition, Huobi believes that they will be able to expand the company's expansion into global markets.

Author:

Michael Golikov Michael Golikov

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy