Is the huobi global trading platform available in China?

Huobi Global Trading Platform is currently unavailable in mainland China. Ten departments including the People's Bank of China issued notices prohibiting virtual currency trading activities, causing many trading platforms, including Huobi, to withdraw from the mainland Chinese market.

Can Huobi Global Trading Platform be used in mainland China?

Answer: Currently, Huobi Global Trading Platform cannot be used in mainland China.

Reason:

In September 2021, ten departments including the People's Bank of China jointly issued the "Notice on Further Preventing and Dealing with the Risks of Speculation in Virtual Currency Transactions", which explicitly prohibited virtual currency trading activities. Subsequently, a number of virtual currency trading platforms, including Huobi, announced their withdrawal from the mainland Chinese market.

Alternatives:

If mainland Chinese users want to trade virtual currencies, they can consider using other non-mainland registered trading platforms, such as Binance, Gate.io, etc. These platforms often operate overseas and are not affected by mainland China's regulatory policies.

Notes:

When using a non-mainland registered trading platform for virtual currency transactions, you need to pay attention to the following:

• Choose a reputable trading platform and pay attention to the platform’s security, liquidity and user reviews.
• Use a strong password and turn on two-step verification to protect your account security.
• Understand the risks of the virtual currencies you trade and invest prudently.
• Abide by local laws and regulations and avoid illegal activities.

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