Singapore-based cryptocurrency exchange Huobi has received the Distributed Ledger Technology license (DLT) from Gibraltar. The exchange has announced that it will utilize this license to launch an international trading platform for both retail and institutional traders.

A press release states that “the new license gives Huobi the authority to store and transmit digital assets on behalf of clients worldwide”.

Huobi is currently the world’s third-largest exchange by daily trading volume.

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