Share this article
Huobi Global Is Forcing US Customers to Use Its Local Partner
The move finalizes Huobi’s shuttering of US. accounts as as it continues to push users to its San Francisco-based partner exchange, HBUS.
By Danny Nelson
Updated Sep 13, 2021, 11:40 a.m. Published Nov 4, 2019, 10:30 p.m.
Huobi Global will kick all of its U.S. customers off its platform later this month.
The cryptocurrency exchange announced it would freeze all U.S. accounts on Nov. 13, framing the move as a compliance step made to conform to U.S. laws and regulations. Huobi is recommending that customers transfer their assets to HBUS, the U.S. firm affiliated with the global brand.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Our User Agreement expressly prohibits users in the United States from using our platform," Huobi said of its main platform.
The move finalizes Huobi’s drawn-out shuttering of U.S. accounts as as it continues to push users to HBUS, which is based in San Francisco. Led by Frank Fu, formerly of Chinese photo editing app Meitu, HBUS has been operating within the U.S. since early last year.
Huobi said all outstanding balances must be withdrawn by the Nov. 13, and offered to assist users holding amounts below the withdrawal minimum via customer support.
Customers can receive their funds in bitcoin or USDT, according to the announcement. Huobi also pledged to refund points card purchases at a 1:1 ratio in USDT.
Huobi’s account freeze parallels similar steps by other international exchanges. In June, Binance also cracked on American users, pushing them to a FinCEN-registered partner.
Huobi image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Long-Term Holders Hit Cyclical Low as Sell Pressure Finally Eases
Long-term holder supply bottomed when bitcoin sank to $80K, signaling that the wave of spot-driven selling may be nearing exhaustion as prices rebound to $90K.
What to know:
- Long-term holder supply fell to 14.33M BTC in November, its lowest level since March, coinciding with bitcoin’s $80K correction low.
- The rebound to $90K suggests the bulk of spot-driven selling from seasoned holders has passed after a 36% peak-to-trough decline.
- Unlike prior cycles, LTH behavior in 2025 shows more measured distribution rather than blow-off-top capitulation, signaling a shift in market structure.
Top Stories
