Huobi Group’s US-Based Exchange Shuts Down; Will Reconfigure Strategy To Make A Comeback

On Sunday, December 8, 2019, Huobi US took to its Twitter platform to inform fellow followers that they will no longer be in business.

As for their reasoning, this seems to be temporary, as they do plan to return with a bigger bang. Here’s as per their quotes:

An announcement was also made by the team in which it was expressed that their trading services will no longer be available starting Sunday, December 15, 2019, 20:30 PT/23:30 ET. Users have officially been advised that they will have access to their accounts and are suggested they withdraw any funds held by January 31, 2020 20:00 PT/23:00 ET.

As for the abrupt decision to cease operations, Huobi U.S has yet to comment on the matter. That said, one can assume that the regulatory tug-of-war present in the U.S. may have potentially affected their decision.

Huobi U.S started its journey within the crypto sphere in early 2018, as a digital asset trading platform. Operated by Huobi Group, a leading global digital asset financial service provider, the digital platform was registered as a FinCEN money service business.

Their primary emphasis was placed on legal compliance, security and privacy. An endeavor achieved by the firm earlier this year entailed a group devoted to institutional sales and customer service, reports Coindesk. This was their way of luring in big investors for their OTC Desk.

Bearing all this in mind, should any confusion need resolving, visit their FAQ detailing the steps on how to proceed from here:

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide