Huobi plans to launch global exchange after gaining DLT licence in Gibraltar

Major cryptocurrency exchange Huobi has obtained a distributed ledger technology (DLT) licence in Gibraltar, industry website Cointelegraph has reported, citing a company press release.

According to the report, the Singapore-based company intends to use the licence to launch an international exchange targeting both retail and institutional investors.

“The new license gives Huobi the authority to store and transmit digital assets on behalf of clients worldwide,” Huobi said in the December 5 press release, as quoted by Cointelegraph.

This will help the company’s push to grow its business on a global scale.

“It’s no secret that we think that well-designed regulatory regimes are a key part of the future for the cryptocurrency industry,” the company’s head of global international business Lester Haoda Li commented in the press release.

Li added, as quoted by the online publication,