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Huobi chooses Singapore as its Southeast Asia base, but cannot cater to local customers
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One of the largest names in the Chinese crypto businesses, Huobi Group has now decided to choose Singapore as its regional headquarters. As per co-founder Du Jun, the group will also have another regional base for Europe, possibly in either France or the U.K in 2023.
As per reports, the headquarters in Singapore will manage operations for Southeast Asia but will fall under the office’s purview. Huobi has been preparing to move to Singapore since May when the Chinese government began cracking down on crypto trading and businesses. While co-founder Du Jun was in Singapore, the other co-founder Leon Li is in China due to border restrictions by the Chinese government.
Not to forget, earlier this month, Huobi Global had added Singapore to its
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