What Type of Currency is Huatong (Huatong Spot)
What type of currency is Huatong? Huatong is a stock issued based on blockchain
What type of currency is Huatong? Huatong is a stock issued based on blockchain technology. According to the official website, its main business includes: (1) conducting transactions with customers; (2) payment, receipt, and distribution of digital assets and other cryptocurrencies, as well as other services; (3) sales/brokerage for proprietary traders. Huatong raised funds by selling products to investors in the form of “security tokens.” On May 23, 2019, the China Securities Regulatory Commission issued a notice stating: “Administrative penalties have been imposed on Huatong Limited and its affiliated subsidiaries.”
Huatong Spot
Huatong Spot announced on the Hong Kong Stock Exchange that it has completed the delivery and supervision of Bitcoin futures contracts as of June 27 (same applies below). Previously, Huatong announced the launch of Ethereum futures products and received widespread attention in the industry after recently starting spot trading business. According to insiders from Wall Street, the joint venture company mainly targets financial market participants such as cryptocurrency exchanges, mining farms, and investment funds.
It is understood that this delivery and swap are the first compliant futures contracts approved by the U.S. Commodity Futures Trading Commission (CFTC).
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