- Huobi Global is working hard to secure its crypto license in Hong Kong.
- The crypto exchange is aiming to be one of the first fully compliant exchanges in Hong Kong.
Huobi Global, the world’s leading exchange, is stoked about Hong Kong’s pro-crypto policies. Yesterday, Huobi announced that “they’re working hard to secure their crypto license in Hong Kong. Their aim is to be one of the first fully compliant exchanges in HK & collaborate with their Asia-Pacific users to drive digital asset growth.”
Justin Sun on Huobi’s crypto trading license
Tron’s Justin Sun also shared a tweet in which he noted that “Huobi Global has announced that it’s applying for a crypto trading license in Hong Kong.” Sun mentioned that “this is a major step for the major cryptocurrency exchange and also a sign of its continued commitment to operating in a compliant and regulated manner.”
Sun also added that along with the new license, Huobi will be able to expand its services and offerings to customers in Hong Kong. It will provide a wider range of crypto trading and investment options. He thinks that it is great news for traders and investors who are “looking for a trusted and reliable platform to buy, sell, and store digital assets.”
In addition to the licensing news, Sun mentioned that “Huobi Global is also launching a new exchange in Hong Kong, aptly named Huobi Hong Kong.” And this Hong Kong-based exchange will be “fully compliant with local regulations and offer a range of trading pairs and services to customers.”
Sun further added that “the new exchange will focus on providing trading services for institutional investors and high net worth individuals in Hong Kong. It positions the exchange as a trusted and secure platform for larger investors in Asia who want to enter the crypto market.”
Last week the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the HKSAR Government) announced the successful offering of HK $800 Million of tokenized green bonds (the Tokenized Green Bond) under the Government Green Bond Programme (GGBP). It must be noted that it is the first tokenized green bond issued by a government worldwide.
Sun noted about TRX , a cryptocurrency that has gained significant popularity in recent years. And according to him “TRX has established a strong presence in China and Hong Kong.”
Sun gave some reasons as “Tron’s developers, communities, and users are primarily based in China and Hong Kong. Tron has established several partnerships with major Chinese companies. That has helped to increase awareness and adoption of TRX in China and Hong Kong.”
Justin Sun is also looking forward to the future of Tron DAO in China. He added that with a strong local presence and growing reputation, “TRON is well-positioned to forge exciting new partnerships in the world’s largest crypto market.”
Source: https://www.thecoinrepublic.com/2023/02/21/huobis-hong-kong-expansion-and-the-response-of-justin-sun/