Finance
Share this article

Crypto Exchange Huobi Now Able to Operate in Australia

Huobi has received a registration with the Australian Transaction Reports and Analysis Centre.

By Nelson Wang
Updated May 11, 2023, 5:34 p.m. Published Aug 1, 2022, 5:24 p.m.
(Shutterstock)
(Shutterstock)

Seychelles-based crypto exchange Huobi is now able to offer trading services in Australia after successfully registering with the Australian Transaction Reports and Analysis Centre (AUSTRAC), according to a tweet from the company.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.
  • Huobi also recently received a license to operate in New Zealand.
  • Huobi has continued to expand its global footprint, most recently acquiring Latin American crypto-exchange Bitex to boost its presence in that region. The company is also planning to return to the U.S.
  • The exchange may cut its global workforce by more than 30% in the wake of China’s ban on crypto trading, according to China-based crypto-journalist Colin Wu.
  • Huobi did not immediately respond to a request for additional comment.
HuobiRegulatorsAustralia

More For You

What to expect at CoinDesk's Consensus Hong Kong 2026

By Nikhilesh De|Edited by Sheldon Reback
42 minutes ago
Consensus Hong Kong logo

Consensus Hong Kong kicks off on Wednesday with speeches from the city's chief executive and the head of its markets regulator.

What to know:

  • Consensus Hong Kong 2026 starts Wednesday with more than 10,000 attendees and 350 speakers discussing tokenization, stablecoins, AI and other crypto themes.
  • The two-day conference follows recent volatility in bitcoin, which plunged from above $95,000 to near $60,000 before rebounding to about $70,000 in a matter of weeks.
  • Speakers include Hong Kong Chief Executive John KC Lee, Animoca co-founder Yat Siu, Solana Foundation President Lily Liu and BitMine Chairman Tom Lee.
Read full story