Crypto exchange Huobi bans Chinese residents from trading derivatives


Source: otcpm24.com otcpm24.com

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Crypto exchange Huobi bans Chinese residents from trading derivatives By 0 Crypto exchange Huobi is no longer allowing users in China to trade derivatives, according to its updated User Agreement. The exchange has updated its User Agreement , adding China to the list of prohibited jurisdictions for using its derivatives trading services. Chinese users will still be able to access the exchange and use it for spot trading. This comes just a few days after Huobi reduced the amount of leverage available to users in China. This was reduced from 125X to 5X, reportedly due to regulatory concerns. It also...