Singapore’s Huobi US platform launch delayed

Singapore-based digital currency trading platform Huobi has had to delay the launch, announced late on Friday, of its new trading venue in the US.

Huobi’s launch in US delayed: Pic courtesy of Huobi

Huobi’s “exclusive strategic partner” in the US, San Francisco-based blockchain developer and digital currency marketplace HBUS, said on its website on Monday that due to overwhelming demand it was to postpone its launch.

Pre-registration

The platform’s pre-registration date of 10 June offered all users who sign up between 10-14 June a month of trading without fees and official trading was to begin on 15 June.

HBUS warned on Friday that launch may have to be delayed, but on Monday it cleared up any doubt.

“To accommodate the account creation requests and deposit volume we have to postpone our launch,” the statement on the website said.

“We appreciate your patience while we work hard to augment our infrastructural capacity to ensure a smooth and enjoyable launch for our customers,” it added.

Huobi joins a rising number of exchanges looking to bring deeper legitimacy to cryptocurrency trading by bringing some of its operations under the scrutiny of US regulators. Indeed, HBUS said that all its employees were educated in anti-money laundering and know your customer regulations.