China’s largest crypto exchange chooses Singapore as Asian base

China’s largest crypto exchange chooses Singapore as Asian base

China’s largest crypto exchange chooses Singapore as Asian base

China’s largest crypto exchange chooses Singapore as Asian base. Image: File

Advertisement

RIYADH: Huobi Group, the operator of China’s largest crypto exchange, has chosen Singapore as its regional headquarters, while deciding on another location in Europe.

Singapore has become the new base for the company after it recently shifted its focus outside its home city of Beijing, co-founder Du Jun told Bloomberg News.

The company plans to set up another regional headquarters in France or the UK in 2023, Jun added.

Huobi, which was founded in China in 2013, said it will offload all Chinese users by the end of this year.

Southeast Asia is an attractive market where the number of trading users quadrupled over the past month, Jun said.

Advertisement
Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story