Report: Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25.

Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their services and logos on the exchange’s OTC market is unauthorized.

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Huobi Secures Its FSA License in Japan, Other Large Players Are Pending

On Jan. 17, Singapore-based cryptocurrency exchange Huobi, one of the largest players on the market, relaunched as a fully licensed platform in Japan after merging with the BitTrade exchange.

Branching out to Japan, where compliance is valued and many regulatory measures are imposed for crypto players by domestic regulators, is a complex process.

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Huobi Resumes Trading in Japan as FSA-Licensed Exchange

Cryptocurrency exchange Huobi — currently the world’s 7th largest by daily traded volume — has relaunched as a fully licensed platform in Japan after merging with BitTrade. The news was announced in a press release published Jan. 17.

As reported, Huobi Global’s wholly owned subsidiary, Huobi Japan Holding Ltd, acquired a majority stake in BitTrade last September.

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Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today.

The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program,

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Top Crypto Exchange Huobi Pays Its Dues to Beijing by Setting up Communist Party Committee

The company behind major cryptocurrency exchange Huobi has created a Communist Party branch as part of its obligations to the Chinese state, the company’s U.S.-based subsidiary Huobi Info confirmed Nov. 16.

Singapore-based Huobi, which was founded in China and has sought considerable international expansion this year, has appeared to opt for “closer ties” with the government.

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Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena

HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13.

The HBUS trading platform, which currently employs around 40 people in their headquarters in San Francisco, has officially announced the appointment of Jay Ryu,

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Third Largest Crypto Exchange Huobi Opens Deposits for New ‘Stablecoin Solution’ HUSD

Singapore-headquartered cryptocurrency exchange Huobi announced the creation of what it calls a “stablecoin solution” in a blog post Friday, Oct. 19.

Set to go live from Friday, the project, known as HUSD, will consist of Huobi’s own stablecoin asset which investors can use as an go-between to interact with four USD-backed stablecoins currently listed on the exchange.

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SBI Plans Derivatives Platform, Huobi Eyes 30% Korean Market, Thai Four-Crypto ATM Unveiled

SBI Plans Derivatives Platform, Huobi Eyes 30% Korean Market, Thai Four-Crypto ATM Unveiled

Exchanges

Japan’s SBI Group is reportedly planning to create a crypto derivatives platform. In South Korea, Huobi is taking an aggressive approach and expects to achieve a 30% crypto market share. Meanwhile, a Thai crypto exchange has unveiled an ATM that supports four cryptocurrencies.

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Media: Crypto Exchange Huobi’s OTC Trading Platform to Support India Rupee Transactions

Huobi, currently the world’s third largest crypto exchange by daily trading volumes, is set to support Indian rupee (INR) transactions on its proprietary peer-to-peer trading platform, according to an email cited by Crypto News India July 26.

Huobi, whose over-the-counter (OTC) service will reportedly offer Indian users zero-fee trading on Bitcoin (BTC),

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Huobi Informs Users on Decision to Launch P2P Trading in India

Exchanges

Following several announcements of plans for global expansion, this week crypto exchange Huobi has reportedly informed Indian users of its intentions to present them with a P2P platform that allows trading in Indian rupee. The email notice published by local media promises zero transaction fees for exchanging BTC,

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Huobi Launches Service to Build Crypto Exchanges in the Cloud

Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges.

Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,”

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Huobi Strategic Partner HBUS Launches API for Large-Scale US Traders

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph.

HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking,

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Huobi Launches Huobi Cloud for Establishing and Operating Digital Assets Exchanges

Huobi Group has announced the launch of a new platform, Huobi Cloud, that will allow users to build digital asset exchanges on top of Huobi’s existing platform.

According to a statement shared with Cointelegraph, more than ten multinational companies have already become partners with Huobi Cloud. The new product is aimed at establishing over-the-counter (OTC) and digital asset exchanges.

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