Huobi Global Halts Derivatives Trading in New Zealand

Cryptocurrency exchange giant Huobi Global has announced it will cease offering derivatives trading services to New Zealand customers. This significant shift means users in New Zealand will no longer have access to derivatives trading services, including coin-margined futures and swaps, Tether-margined contracts, options, and other related products.

According to the statement posted on the Huobi website, the derivatives trading will shut down starting August 23rd. On the same day, Huobi will no longer accept new registrations for derivatives accounts from New Zealand residents. This move by the Seychelles-based crypto exchange comes a few months after the company obtained regulatory approvals in the region.

JUST IN: 🇳🇿 Huobi crypto exchange has announced that it will suspend derivatives trading in New Zealand. This announcement signifies a major change for New Zealand-based crypto investors utilizing the Huobi platform.

The limitation schedule of New Zealand user accounts for derivative trading was released by Huobi. This stated that from the following week, the cryptocurrency exchange will begin restricting access to these services. Huobi Global affirmed that services like coin-margined futures will be affected.

Los usuarios de Nueva Zelanda ya no tendrán acceso a los servicios de negociación de derivados, que incluyen futuros y swaps con margen de monedas, contratos... This suspension impacts a wide range of derivative products available on Huobi, forcing users to adjust their trading strategies accordingly.