Huobi, a multi-language digital currency trading platform and exchange based in Singapore, has recently created a trading exchange and platform within the US market. The new exchange is based in San Francisco and will be called HBUS.
To avoid any assumptions or confusions, a statement was released stating that HBUS, “is not an “arm”, “subsidiary”, “division”, or any type of “affiliate of Huobi. Nor is HBUS to be referenced as “Huobi US” … HBUS is the “exclusive US strategic partner of Huobi.”
A post made on June 5, 2018, suggests that a pre-registration has been set to commence June 10th and will last until June 14th. This supposed soft launch was created as an effort to allow users to trade without fees for one entire month, given that registrations have been completed within the suggested time frame.
As for its ‘official launch’, it is set to occur on June 15, 2018, with a potential delay depending on “overwhelming demands”. Users are advised to either sign up to receive newsletters or to follow up through their Telegram channel for the exact launch date.
Huobi’s announcement in regard to entering global markets was first announced with January 2018, and it is evident that their goals are starting to become reality. In particular, the team involved has managed to get the US platform together, are in the process of building and finalizing a London office, its own ETF and a partnership with China to create an investment fund that will support blockchain projects across China and South Korea.
HBUS has also allegedly taken the necessary measures to ensure that their team members and employees are aware and have been tested on all matters related to illegal activities (i.e. money laundering, terrorism financing, etc.), which will be prevented at all costs.