{"id":276332,"date":"2021-06-16T20:30:00","date_gmt":"2021-06-16T17:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-exchange-huobi-has-reportedly-stopped-letting-new-users-trade-derivatives\/"},"modified":"2021-06-16T20:30:00","modified_gmt":"2021-06-16T17:30:00","slug":"crypto-exchange-huobi-has-reportedly-stopped-letting-new-users-trade-derivatives","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-huobi-has-reportedly-stopped-letting-new-users-trade-derivatives\/","title":{"rendered":"# Crypto exchange Huobi has reportedly stopped letting new users trade derivatives"},"content":{"rendered":"<p>&#8220;<strong># Crypto exchange Huobi has reportedly stopped letting new users trade derivatives <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNzIxNWMzNDktYzhkMi00OWU5LTlmM2MtNjUwZjc1ZTU2MTI5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China\u2019s regulatory crackdowns.<\/p>\n<p>Chinese journalist Colin Wu <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1405151941705887748\">reported<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> today that Huobi had temporarily dropped the maximum allowable trading leverage from 125x to less than 5x for existing users. In addition, new users based in China were not allowed to engage in derivative trading on the exchange.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Exclusive: Due to concerns about regulatory policies, China&#8217;s largest exchange Huobi recently restricted the leverage of existing users to less than 5x after stopping new users in China from using derivatives. The previous maximum was 125x <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/B5MWVJYGzK\">pic.twitter.com\/B5MWVJYGzK<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1405151941705887748?ref_src=twsrc%5Etfw\">June 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>It\u2019s unclear how long this Huobi policy will last or if it will drive crypto traders in China to other exchanges. Wu <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1405180030724952067\">said<\/a> \u201cChinese people who cannot play highly leveraged contracts will go to Binance,\u201d unless the exchange would be the next target of the Chinese government. He claimed many investors already had accounts with OKEx, Binance, and Huobi. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Chinese search engines block results for top crypto exchanges<\/em><\/strong><\/p>\n<p>Crypto users based in China are facing authorities seemingly taking a tougher stance on regulating digital assets this year. Huobi\u2019s mining arm, Huobi Mall, announced last month that it would suspend mining operations in the country following three of China\u2019s major trade associations releasing warnings against cryptocurrency investing. Officials have also drafted rules aiming to impose harsher penalties on those mining crypto in the Inner Mongolia region.<\/p>\n<p>According to CoinMarketCap, Huobi Global is currently ranked as the third crypto exchange under Coinbase and Binance. The exchange\u2019s volume over the last 24 hours is $11.4 billion at the time of publication. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-exchange-huobi-has-reportedly-stopped-letting-new-users-trade-derivatives\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto exchange Huobi has reportedly stopped letting new users trade derivatives &#8221; Huobi, one of the largest cryptocurrency exchanges in the world, has reportedly restricted derivatives for new and existing users over concerns about China\u2019s regulatory crackdowns. Chinese journalist Colin Wu reported on Twitter today that Huobi had temporarily dropped the maximum allowable trading&#8230;<\/p>\n","protected":false},"author":1,"featured_media":276333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNzIxNWMzNDktYzhkMi00OWU5LTlmM2MtNjUwZjc1ZTU2MTI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,75012,75591,117,4973,71407],"class_list":["post-276332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-derivatives","tag-huobi","tag-business","tag-china","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/276332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=276332"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/276332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/276333"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=276332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=276332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=276332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}