• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Huobi Makes Its Way Back Into The US Following A Thumbs Up From Nevada Trust Company
Huobi

Huobi Makes Its Way Back Into The US Following A Thumbs Up From Nevada Trust Company

December 23, 2020 by Sahana Kiran

This year is most likely to go down in the books as the worst year ever. Despite the several restraints the pandemic put before us, Huobi, Binance, and several other cryptocurrency platforms went on to jump into different markets and explore new soil. Huobi was on a roll and rolled out its latest platform in Malaysia. This time the exchange is once again making news, not for venturing into a new country but for returning to the United States of America.

Huobi Secures A License To Function In The US After Shutting Down In 2019

The US has always posed a huge problem to the crypto-verse. Several crypto platforms were forced to shut down shop after being subject to immense scrutiny from the financial regulators. The ongoing battle between Ripple and the SEC stands as substantial proof about the same. Back in 2019, the crypto platform announced that was pulling a plug on its US-based crypto platform. Almost a year later, the exchange revealed that it would return to the country.

In a recent announcement, Huobi Group revealed that the exchange had sought a license from the Nevada Trust to open up a trust firm in the US. The announcement further read,

“The board (the “Board”) of directors (the “Director(s)”) of the Company is pleased to announce
that Huobi Trust Company (the “Huobi Trust”), a company incorporated in the State of Nevada,
the United States and an indirectly wholly owned subsidiary of the Company, was recently
issued with a Trust Company License by the Financial Institutions Division of the Department
of Business and Industry in Nevada, the United States, to engage in the trust company business […]”

While the platform is yet to render its services, it is said to be spearheaded by Simon Collier who will take on the role of the Chief Trust Officer.

More recently, Huobi Group decided to take a dive into Asian waters as the platform rolled out Huobi Labuan in Malaysia.

Filed Under: News, Fintech, World Tagged With: Huobi

Primary Sidebar

Recent Posts

  • XRP Whale Wallets Hit 47.32 Billion in Holdings With Price at 7-Week Peak July 10, 2025
  • Dogecoin Price Prediction 2025: Will DOGE Smash Past $0.38? July 10, 2025
  • $40 Barrier in Sight: HYPE Token Shows Signs of Major Move July 10, 2025
  • Solana Price Surge: Can It Break $160? Key Resistance Levels and Market Insights July 10, 2025
  • Bitcoin Hits New All-Time High at $112K as Smart Money Steps In, Eyes $118K Next July 10, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.