Share this article
Huobi-Branded Crypto Exchange Launches for Malaysian Market
Huobi Labuan said it's been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services.
Updated Sep 14, 2021, 10:35 a.m. Published Nov 27, 2020, 1:00 p.m.
There's now an additional cryptocurrency exchange serving the Malaysian market, after a new Huobi-linked platform announced its launch Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Huobi Labuan said in an emailed press release it aims to provide users in the nation with a "safe and regulated" platform for trading cryptocurrencies.
- The exchange received a digital asset trading brokerage service license from "Malaysian authorities" in September for a nine-month trial period of operation, according to the release.
- Responding to a question from CoinDesk, a representative detailed that the Labuan Financial Services Authority issued the license.
- Under the license, Huobi Labuan is permitted to provide spot and derivatives trading services in Malaysia.
- The exchange will initially support over a dozen different crypto assets including bitcoin, ether, EOS and Huobi's own HT token. After the trial period, more cryptocurrencies can be added.
- The crypto exchange has been set up as a "local operating partner" of Huobi Cloud – a scheme allowing "vetted partners" to launch exchanges leveraging Huobi’s trading technology and digital asset infrastructure.
- CoinDesk reached out for further details on who the partner entity is.
- Huobi Global is the world's second-largest cryptocurrency spot exchange by volume, according to CoinMarketCap.
Update (Nov. 28, 9:54 UTC): Added regulating authority.
See also: Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
