Trading has officially opened in South Korea on the Beijing-born Huobi crypto exchange, according to Huobi Group’s official March 30.
Huobi’s new South Korean subsidiary supports 100 altcoins and trading on 208 markets (77 markets, 98 markets, and 33 markets).
It also an investor protection fund and program to swiftly recompense investors in cases of losses incurred outside of their control.
Huobi Pro global exchange currently ranks second worldwide by trade volume, according to as of press time.
The Huobi group launched its Huobi Pro exchange, headquartered in , after the Chinese government on ICOs and domestic crypto-fiat exchanges in September 2017. Chinese measures continued to toughen in and of this year.
Amid this regulatory onslaught, Huobi is now targeting overseas markets, with a South Korea. The offers its own promises and contradictions.
The country is estimated to have the world’s largest crypto user base after the US and Japan. Such has been the Korean crypto frenzy that altcoins formerly other markets, although this earlier this year. The country is reported to have a .
In December 2017, the Korean government , and in January 2018 over a public petition following of an outright national ban on crypto trading.
The South Korean government is reportedly looking to , and continue to support crypto exchanges.
A taxation framework for the South Korean crypto market .
Marie Huillet
Published at Sun, 01 Apr 2018 19:36:01 +0000
bitcoin Regulation
