"The new license gives Huobi the authority to store and transmit digital assets on behalf of clients worldwide."
It will compete with fellow exchanges including Binance, Bittrex and Coinbase in serving traders in as many jurisdictions as possible as regulatory frameworks continue to evolve.
"Among other benefits, our license will allow us to open doors to more institutional investors who were previously unable or unwilling to get involved in an unregulated sphere."
Huobi hopes to debut its service in the first half of 2019."To kick things off, we are launching with services but we have no intentions of stopping there," Li added.
Huobi is currently the world's third largest exchange by daily trade volume, seeing about $466 million in trades over the past 24 hours.
Gibraltar is fast catching up with permissive European counterpart Malta in luring cryptocurrency businesses to its shores.
The blockchain platform from Gibraltar's stock exchange also gained regulatory approval this month, while state-sponsored initiatives are also hoping to address the demand for blockchain-related skills.
Huobi Gains Gibraltar DLT License, Plans Global Exchange Rollout in 2019
Published on Dec 6, 2018
by Cointele | Published on Coinage
Binance Removing CLOAK, MOD, SALT, SUB, and WINGS: Industry-Wide Delisting Trend
Binance announced today that it will be delisting CLOAK, MOD, SALT, SUB, and WINGS from its trading platform, citing reasons ranging from "Commitment of the team to project" to "Fraudulent conduct." The move comes after the exchange's removal of BCN, CHAT, ICN, and TRIG last October, and may indicate a broader industry trend.
Decentralized Finance Emerges as Banner Topic at Ethereum Denver Conference
Kicking off the annual ethereum hackathon ETHDenver, Aave CEO Stani Kulechov shared an opening address on on "Leaping decentralized finance [into the] mainstream."
Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points
Feb. 15 - crypto markets have continued trading sideways after hitting a multi-month high of daily trading volume of more than $36 billion yesterday, according to CoinMarketCap data.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 15
Considering the large target potential, we suggest traders maintain their stops at $100. We might recommend closing the position if the pair turns down and sustains below $116.30.XRP/USDRipple has been finding support close to $0.295 for the past three days, but the bulls are struggling to break out of the downtrend line.