Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to ramp up its investments in Southeast Asia and Europe as part of its global expansion, the company said in a statement on Tuesday.
See related article: Huobi plans to move HQ to the Caribbean, Justin Sun says
Fast facts
- Huobi will explore merger and acquisition opportunities.
- The exchange is also looking to establish a presence in the Caribbean region, “which is well-positioned as a virtual assets hub with its welcoming regulatory stance, common law systems, and the use of English language,” the company said.
- Justin Sun, an advisory board member of Huobi and founder of blockchain network Tron, said earlier this month that the exchange plans to move its headquarters to the Caribbean, and that it will work closely with the region’s island nation, Dominica, to develop crypto infrastructure.
- Huobi is also encouraging its staff at its Seychelles headquarters to move to the Caribbean, Sun said in an interview with Financial Times earlier this month.
See related article: Former Huobi CEO Leon Li offers US$14 mln loan to cover funds locked in FTX