American users transferred to Huobi US, where there are less cryptocurrencies on 500
Huobi Global cryptocurrency exchange today announced the plans to freeze funds of US users on November 13 in accordance with US law. The Singapore Exchange encourages US customers to switch to its US partner, Huobi US.
The global exchange said it is gradually shutting down US accounts, preventing them from trading or transferring funds. But on November 13, he will disconnect all remaining US users from his service.
This is because Huobi Global’s user agreement “expressly prohibits US users from using our platform,” the company said in a statement today. The company wants to abide by the rules.
The exchange is asking US users to return the margin trading funds and withdraw all assets. Users unsure of what to do should “kindly contact support” who will escort them to their exit.
Any accounts with cash that are less than the minimum withdrawal amount, or unused Points, can be converted into BTC / USDT before withdrawal. For those who contact customer service before it Sunday, Tuesday, the remaining balances will be converted at prices from of the past sunday.
Then it comes to Huobi US, an American outpost that was created earlier this year.
Americans moving to Huobi US from Huobi Global may find the switch awkward. But this is nothing that American crypto users just haven't encountered before. A few months ago, Binance similarly closed access to US users before opening its own US outpost, Binance.US.
Just like Binance.US, which launched with seven cryptocurrencies compared to Binance's 500+, Huobi US's offer is relatively small. Huobi Global is offering over 500 tokens. Huobi US, 56 total.