The US partner of the Huobi exchange has decided to fold its business, due to low demand and liquidity. The HBUS platform will stop its operations after December 15.
Huobi US Failed to Spark Trading Interest
HBUS, the platform that was supposed to replace the international Huobi service for US traders, was launched just months ago. HBUS encouraged all US-based traders to transfer from the international exchange, to avoid sanctions and limitations.
The move to create HBUS with the help of a local partner is similar to the decision of Binance to move out of the US. HBUS worked on compliance, but could not regain the interest and liquidity. In the meantime, Huobi has turned into one of the powerhouses of crypto trading, mostly answering the demand of Chinese users.
HBUS also hinted at a reorganization, closing doors so it can “return…