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Crypto Exchange of Huobi has closed an office in Australia

Cryptobirge Huobi reported that the Australian unit Huobi Australia will be managed from Singapore headquarters. The company had to lay off most of its employees in its Australian office.

“Please note that due to the unfavorable market conditions and the related recent staff cuts, all operations at Huobi Australia, including platform management, social media and customer support, will be carried out from Huobi Global headquarters starting February 26 “ – explained the representatives of Huobi.

In addition, the stock exchange has abandoned plans to add fiat currencies. In the near future, Huobi will only support cryptocurrencies.

Earlier, Huobi added support for USDT tokens of the ERC-20 standard. Users have access to two variations of the famous steylbcoin.

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