Huobi has made a significant move by launching its cryptocurrency services in Hong Kong, leveraging the city's new regulations designed to protect investors and promote innovation in the crypto industry.

This development has sparked interest from major players like BTSE, JPEX, and OKX, who also plan to pursue licencing. With an impressive trading volume of $12.7 billion this month alone, Huobi aims to establish itself as a leading exchange alongside renowned platforms such as Binance, Coinbase, and OKX.