Huobi will stop trading crypto derivatives services in New Zealand
2022-08-16 18:40:23

Cryptocurrency exchange Huobi said on Tuesday that it would stop offering derivatives trading services to New Zealand users starting next week, just a few months after the country's business expansion. Huobi will cease offering services including coin margin futures, coin margin swaps, Tether (USDT) margin contracts, options and any exchange-traded products (TTPs) to New Zealand users on August 23. In addition, Huobi's User Agreement was updated to classify New Zealand as a "restricted jurisdiction" for derivatives trading. The exchange said it would restrict "the orderly conduct of derivatives trading on New Zealand user accounts while ensuring the safety of user assets". (CoinDesk)