Cryptocurrency Exchange Huobi can start offering crypto trading services in Australia after registration with the Australian Transaction Analysis and Reporting Center (AUSTRAC) on August 1st. This means that Huobi is now able to offer fiat money for crypto trading services in the country.
According to a source who has confirmed with Huobi, the company will initially focus on providing OTC services after receiving the registration.
The Exchange continues to consider expanding its horizons and is also aiming to move into the USA market. Huobi established an American subsidiary, HBIT, in July 2022. It has obtained a Money Services Business license and the company hopes to launch a trading service in the future.
Huobi also received licenses in New Zealand and the United Arab Emirates in June 2022. Dubai’s Virtual Asset Regulatory Authority (VARA) has granted the exchange a temporary license to begin offering its services in the country.
Huobi’s local branch will offer a full suite of crypto trading products and services, which will operate under a pilot adaptation model as part of the licensing process.
The Huobi exchange is gradually gaining a stronger position in all countries thanks to its reputation and security for users. In the near future, the STN tokens will also be listed on the Huobi exchange in Q4/2022. This proves that STN has all the conditions of a reputable coin that users can trust to trade.
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