Huobi, one of the largest cryptocurrency exchanges in the world, has been charged by the Securities Commission (SC) Malaysia for operating an unregistered trading platform. The charges against Huobi have raised concerns about the regulatory oversight of cryptocurrency exchanges and their impact on the broader cryptocurrency market.
In this uncertain time, investors are migrating to another trading platform in its presale run – Tradecurve (TCRV). With aspirations of becoming a top global exchange, surpassing the likes of OKX and Robinhood, let’s take a closer look at both platforms and see what makes Tradecurve so appealing.
Huobi faces scrutiny by the Malaysian SEC
Huobi Global Limited and its CEO, Leon Li, have accused the Malaysian SEC of running an unregistered digital asset exchange . The cryptocurrency exchange has been requested by the commission to turn off both its website and mobile application in the nation. Additionally, it was advised to remove all promotional materials. The SC is aggressively encouraging Malaysian investors to avoid trading through Huobi because of the current circumstances. Huobi customers are urged by the authorities to withdraw their investments and terminate their accounts.
Huobi’s potential future existence in Malaysia is yet unknown. A license would be required if the company wants to conduct business in the area. Currently, Huobi has not responded to the allegations brought by the SC. This news did not impact the Huobi Token (HT) as it trades hands at $3.07 with a market cap of $498M, a rise of 4.17% in the last 24 hours.
Tradecurve (TCRV) seen as an excellent replacement
While Huobi continues struggling with its platform being banned from more countries, Tradecurve (TCRV) will enter the scene and provide a safe and private trading environment for every trader, regardless of geographical location. This decentralized hybrid exchange will differentiate itself from Huobi as users may create an account with an email only, linking it to a crypto wallet and making a deposit – no KYC checks required.
Moreover, Tradecurve will offer all derivatives, opening the doors to new ways for portfolio diversification, while Huobi has a strict “crypto-only” policy. Traders will also find the ability to trade stocks, forex, commodities, and cryptocurrencies on one account, with no need for multiple.
Utilizing the Ethereum blockchain technology to its full potential will also eliminate any third-party middlemen on Tradecurve, allowing for low trading costs and giving traders full ownership over their assets.Tradecurve will also include unique features, including negative balance protection, high 500:1 leverage, copy trading, which enables users to subscribe to other expert traders and imitate their choices, automated trading, and artificial intelligence (AI) bots.
Investors are supporting this new platform by purchasing TCRV, the platform’s utility token, and it is now in Stage 2 of its presale with a value of just $0.012. Voting rights for governance, reduced subscription costs, and access to trading account bonuses are all benefits of holding this coin, and investors are now starting to stockpile them.
Take into account that in April 2022, the value of transactions on the world’s forex markets surpassed $7.5 trillion daily – meaning the growth potential of Tradecurve will be big. These facts are why analysts are predicting a 50x increase in the TCRV value as the presale advances and a 100x jump after its launch and subsequent Tier-1 CEX and Uniswap listing.
Those looking to back a new trading platform that will provide a more technologically superior service than Huobi, sign up for the Tradecurve presale below and enjoy a 25% deposit bonus.
For more information regarding Tradecurve’s presale, see links below:
Buy presale: https://app.tradecurve.io/sign-up