Introduction of Aggregate Limits for the Investor Protection Fund
The Investor Protection Fund was launched by Huobi Global in January 2018 to protect the interest of Huobi users by providing upfront compensation coverage in event of unforeseen trading platform incident. Huobi Global will introduce the following limits regarding the use of the Investor Protection Fund in 2020:
(1) Applicable Period for current limit: January 1, 2020 to December 31, 2020 (GMT+8).
(2) During the applicable period, the use of the Investor Protection Fund will be subject to an aggregate upper cap of 2 million HT.
(3) Subsequent administration of the Investor Protection Fund will be subject to an annual allocation limit that is pre-determined at the end of the prior year. We will announce the annual allocation limit for the year 2021 via our announcement page before 31st December 2020.
As the world's leading digital asset financial service provider, Huobi Group is committed to providing a better trading experience, greater account security and better customer service. We expect even more partners to participate in and grow with Huobi’s eco-system! Huobi Group will empower the blockchain industry and witness the continued development of HT with all users!
December 18, 2019