Huobi plans to operate in Africa, the Middle East and South Asia

Mohit Dawar, co-founder of the exchange, announced this at the blockchain summit in Dubai. With over a thousand people attending the summit, it is one of the most influential events in the crypto space and a great audience to promote the company's ambitious plans.

Huobi Group was founded in China in 2013, but moved its head office to Singapore as a result of the cryptocurrency ban. The exchange currently provides its services to clients in more than 130 countries, and its turnover exceeds $1 trillion.

Plans for expanding the exchange's activities include over-the-counter trading, the development of blockchain projects, community development and the creation of an educational center. 

The exchange has already launched token trading in beta version. Huobi aims to become a safe and reliable trading platform for these regions.

The exchange's strategic plans include partnerships with various major players, including AI Trader, a startup that offers artificial intelligence-based digital asset management solutions. The exchange plans to enter into several more such partnerships to provide trading at a global level. Rashid Yusup, CEO of Taklimakan, a startup providing services in the field of crypto education, social networks and analytics, believes that the UAE is on the way to leadership in the cryptocurrency space. Other countries in these regions also use cryptocurrency and blockchain, but do not have the proper regulatory framework. 

Africa is slowly catching up with the rest of the world, but only some of its countries use blockchain technology. 

Binance exchange recently opened its services in Uganda, and Huobi's plans to expand into new territories could signal a new wave of traditionally smaller markets being targeted by well-established blockchain companies.