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Huobi closes crypto derivatives as part of wind-down for Chinese traders
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Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned.
Earlier this month, cryptocurrency exchange announced on its website that it will settle all futures, contracts, and other derivatives activities for all Chinese consumers today, as part of the larger plan to cease operations in the country.
According to previous announcements, Huobi, China's largest exchange, will today completely shut down futures, contracts and other derivatives functions for all Chinese users. https://t.co/TNx4CvrzJ7
Huobi was the first exchange to announce that it would withdraw from mainland China due to the Chinese government's persistent refusal to lift its Bitcoin ban. On Sept. 24, the largest
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