Krüptobörs Huobi piirab Hiinas tuletisinstrumentide finantsvõimendusega kauplemist vähem kui 5x

With China’s recent crackdown on crypto trading, crypto exchange Huobi is introducing further restrictions on its platforms. In an exclusive revelation, Chinese crypto journalist Colin Wu reported that now restricted leverage margin to less than 5x for its existing Chinese users. This is a massive drop down considering that the previous leverage margin was 125x.

A few weeks back following the regulatory rout in China the crypto exchange completely stopped new users from trading derivatives on its platform.

Eksklusiivne: regulatiivse poliitika pärast muretsemise tõttu piiras Hiina suurim börs Huobi hiljuti olemasolevate kasutajate võimendust vähem kui viiekordseks pärast seda, kui Hiinas peatati uute kasutajate tuletisinstrumentide kasutamine. Eelmine maksimum oli 5x pic.twitter.com/B5MWVJYGzK

- Wu Blockchain (@WuBlockchain) Juuni 16, 2021

As per data from CoinGecko, Huobi’s 24-hour derivatives exchange clocked $2.9 billion in trading volumes ranking third while Binance was in the first position $6.6 billion in transaction volumes.

Apart from just China, Huobi is also facing tough times in other Asian markets like South Korea amid rising regulatory actions. On Wednesday, June 16, local news publication Arirang teatatud that Huobi Korea has stopped trading its native crypto Huobi Token following regulatory warnings from South Korea’s Information Security Management System.

Huobi Burns $138 Million Worth of HT Tokens In May

In its latest press release, Huobi has confirmed that it burned 5.826 million HT worth approximately $138.579 million during the last month of May. This was a part of the scheduled burning event conducted by the exchange. Ciara Pühap, Vice President of Huobi Global Markets ütles:

“The excellent performance figures in HT stem our core trading business. We have recorded a $ 68.63 miljardit trading volume in Q1, according to the data released by TokenInsight’s 2021 Q1 Spot Market Research Report. Huobi has ranked first among exchanges with spot trading volume between US $ 50 miljardit ja US $ 100 miljardit during this period”.

Huobi Token is the native cryptocurrency of the Huobi exchange. It brings a range of benefits like trading fee and margin discounts. Every quarter Huobi uses 20% of its revenue to buy HT tokens from the open market and burn them.

Teave Autor:

Bhushan on FinTechi entusiast ja tal on hea tunne finantsturgude mõistmisel. Tema huvi majanduse ja rahanduse vastu juhib tähelepanu uutele tekkivatele plokkide tehnoloogia ja krüptovaluuta turgudele. Ta on pidevalt õppeprotsessis ja hoiab end omandatud teadmiste jagamisega motiveeritud. Vabal ajal loeb ta põnevaid romaane ja mõnikord uurib oma kulinaarseid oskusi.