Huobi Begins Moving Spot Trading Services to Huobi Gibraltar

Huobi, the world-leading Bitcoin and Ethereum trading platform, announced that the company is migrating its spot trading operation to an affiliated entity, Huobi Technology (Gibraltar) Co. Ltd, a fully regulated DLT service provider in Gibraltar ("Huobi Gibraltar").

Approved by the Gibraltar Financial Services Commission (GFSC), this move will enable the cryptocurrency exchange to offer spot trading services through Huobi Gibraltar, which had obtained a distributed ledger technology (DLT) license from the GFSC.

Previously, Huobi Gibraltar's business had been limited to digital asset brokerage services targeting institutional users and high net worth individual users, and OTC retail services. The move will be attractive for Huobi Group's institutional clients, many of whom require strict compliance with regulatory requirements, and retail clients who are interested in spot trading.

“The global cryptocurrency industry is moving toward compliant growth and we recognize the need to align our business with this trend,”Huobi Group co-founder Du Jun said.”Gibraltar, as a highly experienced, sophisticated, and globally recognized international financial services center, fits our needs well."

As Fazzaco reported earlier, Huob has announced the extension of Huobi Derivatives Warrant​ to expand its trading services.