News Snapshot:
Bitcoin Ethereum News Chinaâs ongoing crackdown on cryptocurrencies has forced Huobi exchange to halt derivatives trading services to users in China. As per an updated User Agreement from the Seychelles-based exchange, China is now on the list of prohibited jurisdictions for derivatives trading. Crypto users in the country can still access the exchange for spot trading. Mounting Necessary Restrictions The news comes just days after Huobi ramped up restrictions for derivatives trading. On June 16, the exchange reduced futures leverage levels available to users from 125X to 5X and restricted new Chinese users from accessing derivatives, citing renewed regulatory guidelines...
