Huobi Group Will Close its Office in Thailand

One of the leading cryptocurrency trading platforms in the world, Huobi Group, will close its office Huobi Thailand.

Representatives of Huobi Thailand have asked customers to withdraw assets from their accounts by the end of June. The users of the site, who will not have time to transfer funds until July 1, will be able to apply for the money by e-mail or in the messenger Telegram.

Huobi Thailand was granted permission to operate in Thailand in February 2020. However, last September, the Thai Securities and Exchange Commission revoked the company’s license to provide financial services because of “flaws in the management structure and operating systems that led to the firm’s operations not meeting legal requirements.”

According to TokenMarketCaps, Huobi Thailand has 21 trading pairs.