Huobi’s
U.S. Partner HBUS Is Shutting Down, but Plans on Returning
Huobi Group’s cryptocurrency
exchange in the United States, HBUS, is shutting down its operations after
being in business for little over a year, but in its announcement noted it plans to “return
in a more integrated and impactful fashion” as part of its strategic layout.
Trading on the cryptocurrency
exchange will no longer be available from December 15 at 23:30 ET, however
its users will be able to access their accounts to withdraw their funds until
January 31, 23:00 ET.
A page on frequently asked
questions encourages users that do not meet the minimum withdrawal
requirements to look into converting their holdings to other cryptos or fiat
to see if they can meet the minimums.
The move comes roughly a month
after Huobi Group announced it had to force its U.S.-based users to use HBUS
to comply with U.S. laws. While HBUS is shutting down, Huobi Group itself
appears to be growing, announcing recently it would join a blockchain
alliance led by the Chinese government.
