2018 has been the year of cryptocurrency regulation, and departure of various blockchain-based digital currency powered businesses from unfavorable regions to more vibrant areas. Now, Huobi exchange has announced its moving to Canada for greener pastures.
Huobi’s Expansion Plans
The Singapore-based bitcoin exchange, and the world’s number three by 24-hour volume, Huobi is expanding its operations to crypto-friendly Canada, with a focus on establishing a mega office in the nation’s ever vibrant city of Toronto. On May 4, 2018, the General Manager of Huobi, Ross Zhang who was present at EDCON in Toronto, Canada reiterated that:
“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.”