Huobi Supported Countries | Where Are They Licensed?
Mike Harry
Feb 2024
4 min read
Fact checked
Introduction: Huobi is a well known crypto exchange with a global presence and wide range of cryptocurrencies. In this breakdown, we will explore the countries where Huobi operates and provides its services. Additionally, we will outline the list of countries where Huobi's services are prohibited! Read on to find out if you are allowed to use Huobi in your country!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Huobi offers a solid range of trading services which includes spot and margin trading, crypto settled futures and various trading bots and copy trading options.
The exchange has reached over 10 million users worldwide and supports more than 500 cryptocurrencies. Its mobile application has surpassed 20 million downloads and maintains a 4.1-star rating with over 42,000 reviews.
Huobi is available in over 180 countries around the world which includes countries like France, South Korea, Germany, the United Kingdom, Canada, Australia, Singapore, and Brazil, among others.
Huobi restricted & banned countries
While Huobi's services are available in 184 countries around the world, there are 11 jurisdictions that are prohibited from using it's services.
Full restrictions are placed on countries like the United States, Canada, China, Japan and Singapore.
Partial restrictions are placed on derivatives trading in countries such as the UK, Spain, Israel, and New Zealand.
Huobi licenses and regulations
Huobi has obtained licenses in the following countries and regions:
1. Huobi Group obtained the Innovation License under the Dubai International Financial Centre (DIFC). 2. Huobi's entity HBGL New Zealand Limited, obtained registration on New Zealand's Financial Services Provider Register. 3. Huobi has secured a license from the Financial Services Commission of the British Virgin Islands to operate a licensed virtual assets trading platform for both professional and retail investors.
Is Huobi available in the US?
As Huobi is not registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB), it is unable to offer it's services to American citizens.
Can I use Huobi in the UK?
While residents in the United Kingdom are not IP restricted from signing up to Huobi, they are not allowed to use the platforms futures trading services.
Can I use Huobi in Canada?
Canadians are not allowed to signup and use any services on Huobi.
Is Huobi legit?
Huobi is a crypto exchange that was founded in China in 2013 and has faced numerous controversies throughout the years.
In 2014 a security breach led to a $30 million Bitcoin hack which raised concerns about the platform's safety, though they quickly reimbursed users.
In 2017, Chinese authorities fined Huobi $1 million for unlicensed operations forcing it to cease its China-based activities.
The exchange was accused of wash trading in 2018 and In 2020, insider trading allegations were levied against CEO Leon Li for selling substantial Bitcoin holdings before a market crash.
Where is Huobi registered?
Huobi is registered in Seychelles and has offices in multiple jurisdictions such as Hong Kong and Singapore.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
