Huobi Korea ceases virtual asset trading, cites industry concerns
Huobi Korea implements upgrades and restrains some services for improved exchange. Huobi Korea to terminate local virtual asset services on Jan 29 due to industry concerns. Recent changes in ownership and proof of reserves showcase resilience and commitment. In a strategic move, Huobi Korea has announced the termination of its local virtual asset trading services. As per the official notice on its website, the termination is scheduled for January 29, underscoring concerns about the current industry environment. This decision is attributed to the evolving industry landscape and is part of the exchange’s broader initiatives for brand renewal and system upgrades. Huobi Korea’s termination This bold move aligns with the exchange’s proactive measures to adapt to changing market dynamics. Huobi Korea has not only restricted some services but is also undergoing brand renewal and system upgrades, signalling its commitment to offering enhanc...
