April 25, 2024

The Caribbean Is Now Home to The Chinese Crypto Exchange Huobi

Houbi Global Will Be Relocating to Dominica

Justin Sun, a Huobi advisor, tweeted about the recent development today. He said that moving to the Caribbean has been one of the company’s top priorities.

According to him, this results from the area’s favorable perception of cryptocurrencies. The new exchange headquarters will be located in the Caribbean country of Dominica.

In Dominica, the company will work collaboratively with the government to create a cryptocurrency infrastructure, according to Sun.

 

Seychelles, an East African country, served as the home of Huobi Global’s headquarters. However, that was before Huobi Global relocated to Hong Kong.

Huobi Global is said to be the most well-known cryptocurrency corporation to have recently relocated to the island country of Dominica after the change of address.

Licenses To Operate in The Caribbean Have Been Issued To FTX, Binance, And Crypto.com

FTX’s headquarters have officially moved to the Bahamas from Hong Kong. This came after the Caribbean community’s regulatory approval for the company’s use of digital assets was successfully obtained in September 2021.

The Caribbean has several noteworthy examples of well-known cryptocurrency exchanges. Examples of such are Crypto.com and Binance.

Colin Wu reports that influential Huobi Global executives have left the exchange. The chief executive officer and the chief financial officer are also included. In other news, this also occurred recently.

In addition, Justin Sun is the brains behind the TRON (TRX) network. The blockchain DAO ecosystem for TRON is regarded as one of the largest in the world. Sun was most recently employed at Huobi as an advisor.

Houbi Global is now ranked as the eighth-largest cryptocurrency exchange website CoinMarketCap. CoinMarketCap keeps an eye on the cryptocurrency market’s operations.

Houbi Global has performed more than $600 million in transactions in the previous 24 hours. This is according to CoinMarketCap, earning it a grade of 6.6.

In contrast, Binance ranks first with a 9.9 score and more than $16 billion in 24-hour trading volume.

About Houbi Global

A market-leading cryptocurrency exchange is Huobi Global. It continues to have a significant presence in Asian markets.

Huobi Global was founded in Beijing in 2013. It was created to give users within and outside mainland China access to a cryptocurrency trading platform.

Huobi provides a wide range of services and goods as part of its digital asset ecosystem. These goods and services include, among others, spot trading, derivatives trading, staking, and crypto loans.

The website quickly became one of China’s top three bitcoin exchanges. In addition, it provides Bitcoin traders with a sizable amount of working capital.

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