Huobi Launches New Crypto Exchange in South Korea Operating 201 Trading Pairs

  • Jingnan Huo
    📰 News

    Huobi, formerly one of China’s largest crypto exchanges, launched new branch Huobi Korea. The new platform has opened 201 trading pairs of 99 digital assets


Huobi Launches New Crypto Exchange in South Korea Operating 201 Trading Pairs

 

Huobi, formerly one of China’s largest crypto exchanges, launched new branch Huobi Korea on March 30. The new platform has opened 201 trading pairs of 99 digital assets, the company said in an announcement.

The website, supporting crypto-to-crypto exchange, is in Korean and simplified Chinese.

Breaking out

Huobi has been trying to expand internationally since Chinese authorities’ clamp down upon crypto exchanges last year, having opened offices in the US, Japan, Hong Kong and Singapore.

It’s new crypto-only platform Huobi Pro is the third largest exchange in the world in terms of volume in the last 24 hours, according to Coinmarketcap.

Earlier in the month, Japan‘s SBI Holdings abruptly scrapped a partnership it has made with Huobi to launch a cryptocurrency exchange in Japan, citing system security concerns.

Meanwhile, Huobi, along with other major China-based exchanges, have been trying to meet compliance demands and restart operations in China. Tags: Huobi, Bitcoin Exchange, Korea, Cryptocurrency Exchange, Bitcoin Trading

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About the author

Sylvia  is a Washington-based reporter and writer interested in blockchain, other fintech, future of money and how they interact with existing institutions. Besides English, she speaks Mandarin, Cantonese and French.

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