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Huobi Global exits Singapore to form new local entity

All Huobi Global clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022.

Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China.

The exchange will have shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday.

All Huobi Global clients based in Singapore should close active positions and withdraw their digital assets before March 31, 2022, Huobi said. The exchange will also gradually halt access to Huobi services in Singapore before March, the announcement notes.

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8 months ago