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According to the public statement of Huobi MENA co-founder Mohit Davar that was made at the World Blockchain Summit in Dubai, cryptocurrency exchange has global plans to expand into the Middle East, Africa, and South Asia markets.

"We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here" said Davar

Huobi Group is the Singapore-based world's leading blockchain company that was established in 2013 and has an accumulative turnover that exceeds $1 trillion.

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