Huobi Global, HTX LOSES Trademark in Hong Kong To X-Spot
On June 20, 2023, X-Spot submitted an application for an injunction to the Hong Kong High Court, seeking to compel Huobo Global to cease its trademark infringement.

On June 20, 2023, X-Spot submitted an application for an injunction to the Hong Kong High Court, seeking to compel Huobo Global to cease its trademark infringement.
The practice of burning tokens has been a consistent strategy for Huobi since 2018, and as of October 15, 2023, a cumulative total of 301,002,441 HT has been burned.
Huobi Korea wants to be an independent exchange. It will buy all of its shares and rebrand to distance itself from Huobi Global.
According to Huobi Research, Bitcoin may reach the bottom of $15000 around March 2023, which will signal the next crypto market rebound.
Last week, Huobi denied that the two exchanges were planning to merge.
Huobi has been closely linked with the relatively minor HUSD stablecoin since its launch in 2018.
Huobi Global has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund.
Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.
Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC.