Huobi Labuan is launching trading services in Malaysia

Huobi Labuan, the subsidiary of Huobi Global is launching trading services shortly after having secured a digital asset trading brokerage service license from Malaysian authorities in Sept. 2020.

According to the announcement on Nov.28, Huobi Labuan’s brokerage license allows the exchange to provide spot and derivatives trading services in Malaysia starting with a nine-month trial operation. Huobi Labuan currently supports more than a dozen different assets like BTC, BCH, ETH, ETC, EOS, and HT but will be able to list more assets after the end of the trial operation period.

In terms of infrastructure, Huobi Labuan will act as a local operating partner of Huobi Cloud, and therefore use Huobi’s established trading technology for its local digital transaction brokerage services.

Huobi Global exchange is the second-ranked crypto exchange by daily traded volume, reached over $9,3 billion, according to Coinmarketcap.

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