Notice on Discontinuation of ETP Services for Existing Spain-Based Users
To maintain compliance with the latest regulatory policies of Spain, Huobi will be discontinuing the ETP trading service for Spain-based users. The service discontinuation and retirement of accounts will be conducted the proper and secure protection of affected users' assets. The retirement process for Spain-based accounts is tentatively scheduled as follows:
- Termination of redemption and trading services for Spain-based users at 7:00, Aug 30, 2022, UTC, when users will not be able to trade ETPs via Web/app/API. Subscription and buying services were already previously terminated on May 31, 2022;
- Any open ETP holdings as of the aforesaid time will be liquidated;
- User's ETP shares will be redeemed at the ETP net value per share as of 7:00, Aug 30, 2022, UTC, and the liquidated amount in USDT will be credited to users' Spot accounts within 48 hours after redemption.
To avoid potential risks that may arise from market fluctuations, users residing in Spain are advised to redeem their ETP holdings as soon as possible. ETP shares and holdings by users of other non-restricted countries and regions are not affected.
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August 9, 2022
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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.