- Trading Name: Huobi Global
- Legal Entity: Huobi Global Limited
- Activities: Crypto Exchange
- Location: Seychelles
- Key People: Leon Li (Linkedin) and Du Jun (Linkedin)
Huobi Global is a cryptocurrency exchange offering professional trading tools.
In 2017, after China’s crackdown on cryptocurrency exchanges, Huobi Global headquarters were moved to Singapore, then ultimately the Republic of Seychelles. The exchange is available in most countries around the world, but it does not support a few countries, including the United States and Japan (though users in Japan can use Huobi Japan instead).
In october 2022, Huobi was sold to its main shareholder About Capital.
Huobi Global is a globally available cryptocurrency exchange that allows investors and traders to speculate with over 600 cryptocurrencies. The exchange is an all-in-one solution for buying, trading, earning, storing, and selling cryptocurrencies. Huobi offers a wide range of payment options, more than 57 fiat currencies, competitive trading fees of 0.2% per trade, and an intuitive mobile app
Huobi Global offers standard security features, including two-factor authentication (2FA), cold storage, and identity verification. It also has systems in place to help prevent DDOS attacks, and it holds a reserve of Bitcoin ( 20,000 BTC) for any security breaches that result in lost client funds.
Verified Huobi customers can collateralize crypto assets to obtain a loan in cash or digital currency that can be used to trade in the Spot exchange, Margin and Futures platform or withdrawn for spending. The supported coins that can be deposited and used as collateral include BTC, USDT, ETH, HUSD, HT, LTC, BCH, EOS, LINK, BSV, XRP, DOT and HPT.
Huobi loans have a fixed term of 30, 45 or 90 days with flexible repayment options available. There are no penalties or fees if early repayments are made, however, the interest amount will be paid off first before the capital borrowed
Huobi supports 57 local currencies and 60 payment methods to fund an account to access the features and services on the platform. Depending on the country, the user will be presented with the available deposit options to transfer fiat currency to the exchange. Common deposit options that are supported include bank transfer, Faster Payment, AdvCash, credit and debit cards, wire transfer and SWIFT.
In May 2022, it was announced Huobi had acquired the Latin American crypto platform, Bitex.
In January 2022, the Thai SEC also announced that it would revoke the platform’s license due to “irreparable” regulatory breaches. As a result, the Thai SEC suspended Huobi’s services in Thailand and advised the Ministry of Finance to suspend the platform’s license.
Given the fact that Huobi is not regulated and is banned in several countries, we put the company on our “Orange Compliance” list.