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Huobi Advisor Predicts Crypto Trading License Approval in Hong Kong Within Next Year

Huobi, a crypto exchange, has applied to become a virtual asset service provider (VASP) in Hong Kong and could receive a trading license by the end of the year, according to Huobi advisor Justin Sun. The application includes an 18-month grace period for regulators to approve or deny it, but Sun predicts a decision could come within six to twelve months.

Huobi recently moved its headquarters to Hong Kong in hopes of launching Huobi Hong Kong, as the city aims to become a virtual asset hub. Sun also mentioned the possibility of other Asia-based crypto exchanges, such as OKX, Gate.io, Bitget, and ByBit, applying for a similar license.

Huobi Hong Kong
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