Huobi, a cryptocurrency exchange that left the US market more than two years ago, is about to return with a new offer.
The crypto exchange left the US under pressure from regulators. Now, according to CNBC, Huobi is focusing not so much on plans to launch the exchange, but on services from related areas. The Chinese company owns an asset management business in Hong Kong under the guise of a subsidiary of Huobi Technology Holdings.
“I expect asset management that echoes the traditional financial market to be a bigger business than currency exchange. In 2018, we tried to enter the US market, but quickly left because at that time we did not have strong interest and a good management team in the US,” said Huobi CEO Du Jun.
According to CoinGecko, Huobi is one of the top 10 cryptocurrency exchanges in the world in terms of trading volume.
At the end of 2021, Huobi Group opened a company office in Singapore, and plans to open another regional headquarters in France or the UK by 2023.
Source: Bits
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