Huobi to freeze all US user accounts on Nov. 13

Cryptocurrency exchange Huobi Global announced today that it will freeze all U.S. user accounts starting Nov. 13. 

The exchange said it has been "gradually [disabling]" U.S. accounts to prevent trading and transferring. U.S. users are advised to return their borrowed funds in margin trading and withdraw all assets from the platform. Those who purchased Huobi's pre-paid cards will be refunded in USDT, according to a company blog post. 

The account purge does not mean that Huobi Global will exit the U.S. market, however. Huobi has a strategic partnership with San Fransisco-based HBUS, a platform dedicated to serving U.S. customers. Similar to Binance.US, HBUS runs a separate order book from Huobi Global and operates independently from the larger exchange. 

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