According to Huobi official news, Huobi is preparing to apply for a Hong Kong cryptocurrency trading license and plans to launch a new exchange Huobi HongKong in Hong Kong. Previously, Justin Sun, a member of Huobi Global Advisory Committee, has repeatedly stated publicly that Hong Kong has become one of the most important Web3 centers in Asia, and he is full of confidence in the future of encryption compliance in Hong Kong and mainland China. In addition, Huobi will hold an event themed "Huobi in Hong Kong, the Rise of the Power of the East" in Hong Kong on April 14.