Huobi’s US-Based Crypto Trading Platform HBUS Ceases Operations

HBUS, the operator of United States-based crypto exchange Huobi.com, is ceasing its operations, according to a tweet posted on Dec. 9.

San Francisco-based cryptocurrency trading platform HBUS said in the announcement:

“We regret to inform you that HBUS will need to cease operations so that it can return in a more integrated and impactful fashion as part of its ongoing strategic layout.”

The move comes right after Huobi Global announced that it would freeze all U.S. customers’ accounts by mid-November. Explaining the decision, Huobi stated that the American regulatory environment for cryptocurrencies had forced it to prohibit U.S.-based users from the platform.

At the time, however, Huobi Global said that it would not exit the U.S. market altogether, but rather nudge its U.S. customers toward its “exclusive U.S. strategic partner,” the San Francisco-based HBUS. Similar to Binance.US, HBUS ran and operated independently from the larger exchange.

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