Crypto Exchange Huobi Now Able to Operate in Australia

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

AccessTimeIconAug 1, 2022 at 5:24 p.m. UTC
Updated Aug 1, 2022 at 8:58 p.m. UTC
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Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

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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.

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