Huobi Global is the next exchange to lock out US customers and transform its US-based business. From November 13, US-based accounts on Huobi Global will be locked, breaking the possibility for arbitrage and making crypto trading a more regional affair.
Huobi Global follows the examples of Binance, Poloniex, Bittrex, and other exchanges, which are offering separate businesses for US and international customers. Stringent US regulations on customer tracking, as well as securities law, are discouraging exchanges from working with the US market.
“In line with the laws and regulations of the United States with respect to crypto assets, our User Agreement expressly prohibits users in the United Sta...