Huobi, until recently one of the largest cryptocurrency exchanges in China, plans to open a representative office in San Francisco. “We want to make the exchange international and will start with the States,” said director of strategic development Kai Kailong at a blockchain conference on January 26.
A spokesperson for the Huobi exchange confirmed that the company is building a new headquarters in Silicon Valley.
Last year, Huobi stopped offering cryptocurrency and yuan trading pairs after Chinese regulators shut down the exchanges and moved its business overseas, offering cryptocurrency-only trading pairs.
Last month, Huobi announced a partnership with investment firm SBI Group to launch cryptocurrency pairs in Japan to sell its services for yen.
There are also rumors that Huobi is launching its own token, although the company has stated that it has no plans to organize an initial coin offering.
According to https://www.coindesk.com
You May Also Like
Binance invested $200 million in Forbes
Crypto exchange Binance will acquire a $200 million stake in Forbes ahead of its IPO through a SPAC company.
Nasdaq plans to trade Bitcoin futures despite falling prices
Nasdaq is now trying to answer all questions from the Commodity Futures Trading Commission in order to launch contracts in the first quarter of 2019.
