Crypto exchange Huobi Korea on Thursday said it will terminate local virtual asset trading services at the end of January, citing the current industry environment. Meanwhile, the crypto exchange will continue to support its customers in withdrawing assets. It joins other crypto exchanges to terminate crypto asset trading services as part of the brand renewal and upgrades.
Huobi Korea to Terminate Crypto Exchange Services
Huobi Korea will terminate crypto exchange services on January 29, as per a notice on the official website. The exchange has restricted some services and has been carrying out brand renewal and system upgrades to provide better virtual asset exchange service.
It cites the current business environment as the reason to inevitably terminate the virtual asset exchange service. However, the exchange will continue to support withdrawals of customers’ assets safely and without any disruption. Users can withdraw their holdings in KRW and virtual assets.
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