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Finance

Crypto Exchange Huobi Now Able to Operate in Australia

Huobi has received a registration with the Australian Transaction Reports and Analysis Centre.

By Nelson Wang
AccessTimeIconAug 1, 2022 at 5:24 p.m. UTC
Updated May 11, 2023 at 5:34 p.m. UTC
(Shutterstock)
(Shutterstock)

Seychelles-based crypto exchange Huobi is now able to offer trading services in Australia after successfully registering with the Australian Transaction Reports and Analysis Centre (AUSTRAC), according to a tweet from the company.

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    • Huobi also recently received a license to operate in New Zealand.
    • Huobi has continued to expand its global footprint, most recently acquiring Latin American crypto-exchange Bitex to boost its presence in that region. The company is also planning to return to the U.S.
    • The exchange may cut its global workforce by more than 30% in the wake of China’s ban on crypto trading, according to China-based crypto-journalist Colin Wu.
    • Huobi did not immediately respond to a request for additional comment.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nelson Wang
    Nelson Wang

    Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

    Follow @NelWang on Twitter