{"id":74372,"date":"2023-02-20T16:02:52","date_gmt":"2023-02-20T14:02:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74372"},"modified":"2025-09-09T19:42:37","modified_gmt":"2025-09-09T16:42:37","slug":"huobi-applies-for-a-licence-in-hong-kong","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/huobi-applies-for-a-licence-in-hong-kong\/","title":{"rendered":"Huobi applies for a licence in Hong Kong"},"content":{"rendered":"<p>The founder of Tron, Justin Sun, announced that the cryptocurrency exchange Huobi has submitted a licence application in Hong Kong.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>Big news for crypto today: <a href='https:\/\/twitter.com\/HuobiGlobal?ref_src=twsrc%5Etfw'>@HuobiGlobal<\/a> has announced that it\u2019s applying for a crypto trading license in Hong Kong\ud83c\udded\ud83c\uddf0! This is a major step for the major cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner. \ud83c\udde8\ud83c\uddf3<\/p>\n<p>\u2014 H.E. Justin Sun\ud83c\uddec\ud83c\udde9\ud83c\udde9\ud83c\uddf2\ud83d\udd25\u20ae (@justinsuntron) <a href='https:\/\/twitter.com\/justinsuntron\/status\/1627602672034680832?ref_src=twsrc%5Etfw'>February 20, 2023<\/a><\/p>\n<\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>With the new licence, Huobi will be able to expand its services and offerings for clients in Hong Kong, providing a broader range of crypto trading and investment options,&#8217; he wrote.<\/p>\n<\/blockquote>\n<p>Sun said that the company is also launching a new exchange in the jurisdiction \u2014 Huobi Hong Kong. According to him, the trading platform will be &#8216;fully compliant with local rules&#8217;.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;The new exchange will focus on providing trading services to institutional investors and high-net-worth individuals in Hong Kong. It is positioned as a reliable and secure platform for large investors in Asia seeking to enter the crypto market,&#8217; Sun wrote.<\/p>\n<\/blockquote>\n<p>Huobi&#8217;s own token HT reacted to the news with a sharp rally. In the last 24 hours the asset rose 16.2%, according to <a href='https:\/\/www.coingecko.com\/'>CoinGecko<\/a>. At the time of writing HT was trading near the $6 mark.<\/p>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='636' src='https:\/\/u1f987.com\/wp-content\/uploads\/image1-563-1024x636.png' alt='image1-563' class='wp-image-198515' srcset='https:\/\/u1f987.com\/wp-content\/uploads\/image1-563-1024x636.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-563-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-563-768x477.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-563.png 1342w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>HT\/USDT daily chart on Poloniex. Data: <a href='https:\/\/ru.tradingview.com\/symbols\/HTUSDT\/'>TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier Huobi <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-global-agrees-to-sell-controlling-stake-to-hong-kong-based-about-capital-management\">agreed to sell a controlling stake in<\/a> the Hong Kong-based investment company About Capital Management.<\/p>\n<p>In November 2022 the exchange <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-cryptocurrency-exchange-announces-rebranding\">announced a rebrand<\/a>, as a result of which it dropped the official name Huobi Global, and <a href=\"https:\/\/u1f987.com\/en\/news\/huobi-denies-possible-merger-with-poloniex\">denied<\/a> rumors of a possible merger with Poloniex.<\/p>\n<p>In February 2023 the Hong Kong Securities and Futures Commission <a href=\"https:\/\/u1f987.com\/en\/news\/hong-kong-regulator-proposes-rules-for-cryptocurrency-platforms\">launched public consultations<\/a> on new requirements for operators of platforms trading digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron founder Justin Sun announced that the cryptocurrency exchange Huobi has submitted a licence application in Hong Kong.<\/p>\n","protected":false},"author":1,"featured_media":74373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,832,230],"class_list":["post-74372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-hong-kong","tag-huobi"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74372"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74372\/revisions"}],"predecessor-version":[{"id":74374,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74372\/revisions\/74374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74373"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}