Chinese Huobi Global, a cryptocurrency financial services group, will begin operations in Canada, where crypto trading regulations are softer.
“Canada is emerging as a leading blockchain nation, and Toronto is set to become one of the next most active blockchain hubs across North America. Entering the Canadian market will help support Huobi to become the leader in blockchain and cryptocurrency innovation,” said Huobi General Manager Ross Zhang.
The company already has offices all around the world accommodating Huobi Pro, Huobi Labs Blockchain Incubator and Huobi Capital Investment Fund, in addition to Huobi's other international brands. Huobi is ready to work with Canadian regulatory agencies to bolster blockchain’s credibility.
“We look forward to working with regulatory bodies to help the blockchain asset market become more credible so that mass adoption can come sooner,” Zhang affirmed.
Huobi is the third largest cryptocurrency exchange in the world with a daily trading volume of $1.87 billion.
Nadya Astam