Huobi, one of the leading crypto exchanges, announced a mobile trading app for its Russian customers despite regulatory concerns. The new mobile trading app would allow Russian crypto traders to execute spot trades for top cryptocurrencies available on the app. New reports from Russia earlier this month confirm that certain amendments in the country’s laws on digital financial assets (DFA) would effectively ban Bitcoin (BTC) miners from receiving bitcoin rewards and drastically impact the ability for Huobi to operate. Huobi traded $1.7 billion in total in the last 24 hours, second to Binance at $7 billion.

BitcoinExchangeGuide (Sept 25, 2020)