Although the exchange moved out of China in 2017 following a ban from the country’s regulators in 2017, it has managed to maintain a large user base from Chinese customers. However, in light of recent reports that the Chinese government is planning to ban Bitcoin mining, the exchange has halted some of its services in China.
According to a Bloomberg report, the trading platform has suspended its derivatives trading futures, including leverage investment products, futures contract trading, and exchange-traded products. Meanwhile, a Huobi spokesperson said in a statement that the move would allow the company “to focus on the expansion of [its] overseas presence. He added:
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Source: Cryptocurrency - investing.com
