Trading has officially opened in South Korea on the Beijing-born Huobi crypto exchange, according to Huobi Group’s official announcement March 30. Huobi’s new South Korean subsidiary supports 100 altcoins and trading on 208 markets (77 ETH markets, 98 BTC markets, and 33 USDT markets).
It also offers an investor protection fund and program to swiftly recompense investors in cases of losses incurred outside of their control. Huobi Pro global exchange currently ranks second worldwide by trade volume, according to Coinmarketcap as of press time.
The Huobi group launched its Huobi Pro exchange, headquartered in Singapore, after the Chinese government clamped down on ICOs and domestic crypto-fiat exchanges in September 2017. Chinese measures continued to toughen in January and February of this year.