Huobi Korea

Huobi Korea was the South Korean subsidiary of the global cryptocurrency exchange Huobi Global (now HTX). Launched in 2018, it aimed to provide a secure and reliable platform for Korean users to trade a wide variety of cryptocurrencies, initially supporting Korean Won (KRW) trading. Following the implementation of stricter regulations in South Korea, particularly the Act on Reporting and Using Specified Financial Transaction Information, the exchange struggled to secure the required real-name verification bank account partnership. This led to the suspension of its KRW services in 2021. In late 2023, the company announced its decision to separate from the global Huobi brand, officially terminating all services under the Huobi Korea name on January 29, 2024, and rebranding to 'Hive'.