Huobi Expands Exchange Operations to New Zealand

The move into New Zealand marks the latest step in the exchange's growth efforts.

By Camomile Shumba

Jun 17, 2022 at 12:35 p.m. UTC

Updated Jun 20, 2022 at 1:54 p.m. UTC

New Zealand (Dan Freeman/ Unsplash)

Camomile Shumba

Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.

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Global crypto exchange Huobi can now offer its services in New Zealand after registering with that country's financial services provider register, according to an emailed statement on Friday.

All exchanges have to register with the New Zealand Companies Office before offering services to local users, the statement said.
Singapore-based Huobi has continued to expand its global footprint of late, most recently acquiring Latin American crypto exchange Bitex to boost its presence in that region. The company is also planning to return to the U.S.

UPDATE (June 17, 2022, 12:53 UTC): Adds the New Zealand Companies Office.

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