The Chinese-founded, but currently Singapore-based exchange’s newest subsidiary is in Malaysia, the Huobi Labuan. The clients can buy, sell, and exchange the supported cryptocurrencies, in a fully regulated environment. They have offices in Hong Kong, Japan, South-Korea, and the USA, and now they have one in the south-Asian region too.
The Chinese government has banned the crypto-exchanges in ’18, and Huobi reacted by suspending withdrawals. This ban caused Binance’s moving out of China. Since then the things had changed, and Huobi still here and evolving. In Malaysia, the current phase is only the trial, but it is almost sure, they will be successful, as in other locations.