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China’s Biggest Crypto Exchange Picks Singapore as Asia Base

  • Huobi is breaking away from its home market after crackdowns
  • Firm plans Europe regional headquarters in 2023: Co-founder
Huobi has said it will offload all China users by the end of this year.

Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images

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Huobi Group, the operator of China’s largest cryptocurrency exchange, has picked Singapore as its regional headquarters while choosing to have another location for Europe, said co-founder Du Jun.

Singapore becomes the company’s new base after it recently shifted focus outside its original home of Beijing, Du said in reply to queries from Bloomberg News. He has been based in the city-state since he returned to Huobi at the end of last year. The firm is planning to set up another regional headquarters in either France or the U.K. in 2023, he said.