Singapore-based crypto exchange Huobi is planning to set up office in London as it seeks to continue the expansion beyond Asia, Crypto Briefing reported.
The platform sees London as “the most active trading scene across Europe.”
“Not Malta, not Switzerland. Absolutely London, more precisely Britain, is the entry point for the European market for us,” said Peng Hu, Vice President of the Huobi Group.
Chern Chung, Huobi’s senior business development manager for Europe, said the move "shows Huobi’s commitment and determination to go mainstream.”
“We are not afraid of regulation, nor are we escaping regulation,” he added.
London is only the latest in a series of locations that Huobi has designated for new offices. The company launched operations in South Korea earlier this year and is in the process of launching operations in San Francisco.
By Siranush Ghazanchyan