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As new crypto BSA laws by Congress are introduced, US customers will face a tough time to trade cryptocurrencies. Exchanges like Binance, Poloniex, Bittrex are already offering separate businesses specifically for the US region. The latest addition is Huobi Global Exchange. The exchange will shut down operations in the US from Nov 13, 2019. Moreover, the user accounts will be frozen and US users will not be able to trade using this platform as per the blog post. The exchange has warned US traders to close position, return borrowed funds, and start withdrawing assets. Those who purchased Huobi’s prepaid cards will be refunded in USDT, the post added.
However, Huobi Exchange in partnership with San Francisco-based HBUS (Huobi.US) provides trading features to the US only from 2018. Users can open accounts on this platform and transfer the funds there.