Crypto exchange Huobi registers with Australian financial watchdog

Cryptocurrency exchange Huobi has registered with the Australian Transaction Reports and Analysis Centre to offer its trading services in the country, according to the company's Twitter post released Monday.The Singapore-based firm's move comes even as the crypto space increasingly comes under financial contagion effects as well as regulatory scrutiny.Huobi is joining a growing list of crypto exchanges that are expanding their global footprints, including Bitstamp and Crypto.com.Huobi did not immediately respond to a request for comment by Seeking Alpha.Towards the end of May, BrokerChooser named Huobi as one of the safest crypto trading platforms.