Crypto Exchange Huobi Global to Move Spot Trading Services to Gibraltar

Posted on by American Coins & Gold

Crypto Exchange Huobi Global to Move Spot Trading Services to Gibraltar
Huobi Global will move its spot trading services to Gibraltar, after receiving a license from the local Financial Services Commission (FSC), the exchange said in a press release shared with CoinDesk.The China-born crypto exchange is likely looking for a new home away from Chinese regulators. The exchange had already moved significant portions of its operations to Singapore when Chinese regulators launched a renewed crackdown on crypto trading on Sept. 24, CoinDesk reported. It later announced it would expel its Chinese users.The exchange will be migrating its existing spot trading users, tech infrastructure, and cloud hosting to a licensed entity in…