Huobi Korea opened its Korean currency market Friday, but investors can trade in cryptocurrencies only through the corporate accounts.


The Chinese subsidiary in Korea would increase the number of tradable cryptocurrencies to 110.


Huobi could not open the real-name individual accounts, apparently due to the reluctance of banks to open accounts for investors.


A Huobi Korea spokesman said it expects Korean banks to open accounts for investors in the near future.


He said Korean banks are quite sensitive to the public sentiment that crytocurrency investments are ‘gambling,’ a conduit for money laundering and crime financing.


To celebrate the opening, Huobi Korea provided fee-free services to first-time investors.