Formerly Top Cryptocurrency Exchange Huobi To Open Office In US

Formerly Top Cryptocurrency Exchange Huobi To Open Office In US

Cryptocurrency exchange Huobi, formerly based in China, is about to open an office in the Silicon Valley, US.

Huobi, one of the largest cryptocurrency exchanges that was originally founded in China, has revealed its plans to open an office in San Francisco. The announcement took place during the Blockchain Connect conference Friday, Jan. 26.

Blockchain Connect, an event that focused on the cooperation between the US’ and China’s cryptocurrency markets, took place on Friday, Jan. 26 in San Francisco.

The Huobi exchange was one of the presenters at the conference, during which they have announced their intention to start doing business in the United States. The company’s new office is already under construction in the Silicon Valley.

“The U.S. will be our focus right now,” said Huobi’s Chief Strategy Officer Cai Kailong.

Founded in 2013, Huobi Group provides exchange services in Singapore, Hong Kong, South Korea, Japan and other countries. The company was forced to leave China, its original jurisdiction, after local regulators demanded all cryptocurrency exchanges to close in September 2017.

In December 2017, Huobi announced a partnership with Japan’s financial conglomerate SBI Group in order to help the latter launch its own cryptocurrency exchange.