Huobi Rolls Out Regulated Exchange in Malaysia
Main page News, Exchange, Malaysia, Crypto Market, Cryptocurrency Exchanges, Regulations

Cryptocurrency exchange Huobi has announced that its arm Huobi Labuan for the Malaysian market has received a digital asset trading brokerage service license from Malaysian authorities.

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According to an official press release, the brokerage license will allow the exchange to provide spot and derivatives trading services in Malaysia starting with a nine-month trial operation. So far, the exchange supports over a dozen cryptocurrencies like bitcoin (EXANTE: Bitcoin), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), EOS, and huobi token (HT).

The local cryptocurrency exchange is providing services via Huobi Cloud, an all-in-one solutions' provider that allows vetted partners to launch digital asset exchanges, the company said.

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Earlier in November, Huobi announced the launch of the Huobi-Filecoin Incubation Center with a $10 million fund dedicated to supporting the Filecoin ecosystem.

The center will focus on incubation, investment, and community development. Huobi will support Filecoin developers and promote Filecoin-related academic research. Sharlyn Wu, Huobi's CIO, believes that decentralized storage is a "great experiment that combines cloud storage with the decentralized mechanism of blockchain."

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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