Huobi Group's affiliate exchange targeting US customers, HBUS, is shutting down, according to a report released on December 9th.
Closing the HBUS exchange
HBUS said that tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details services will be closed from December 15th, and customers must withdraw all their funds until January 31st.
“We regret to inform you that HBUS needs to cease operations so that it can return in a more integrated and effective way within its current strategic framework” – HBUS.
According to cryptocurrency news, only last month the Huobi exchange froze all user accounts in the USA and encouraged users to use HBUS.
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- HBUS was launched in the U.S. in July 2018 after long negotiations with the Huobi Group.