New Reports Suggest Justin Sun and SBF to be the Actual Buyers of Huobi

Oct 10, 2022

There is another twist to the Huobi takeover which was reported a few days ago. Barely 48 hours after reports emerged that the Hong Kong-based assets management company, About Capital Management, had acquired the exchange, more reports are showing that the real buyers, albeit going through t...

Name Change Imminent for Hong Kong-Listed Huobi Company

Sep 22, 2022

All is set for the change of name of one-time China’s flagship cryptocurrency exchange, Huobi. Per a report from renowned crypto and fintech Chinese journalist Colin Wu, the company is set to change its name to New Huo Technology Company Limited. They will precede a general meeting of ...

China’s Once-Largest Exchange in Talks to Sell Majority Stake

Aug 15, 2022

The founder of China’s Huobi Group, which runs one of the world’s largest cryptocurrency exchanges, is reportedly in talks with investors to sell his almost 60% stake in the trading platform. Leon Li selling his majority stake in the crypto exchange could be the industry’s largest takeo...

Huobi Exchange to Layoff Staff Due to Drop in Revenue As a Result of Removing Chinese Users

Jun 28, 2022

Leading cryptocurrency exchange, Huobi is reported to be embarking on a massive layoff exercise that could see it cut down its staff strength by as much as 30%. In an exclusive report by top Chinese crypto journalist, Colin Wu, the layoff exercise is caused by a significant drop in generated r...

China Exit Still Hurts Huobi’s Market Share, CoinGecko Q1 Report Shows

Apr 14, 2022

Huobi Global’s gradual exit from China over the last six months is still having an adverse effect on its operation, CoinGecko’s latest state of cryptocurrency report for Q1 2022 shows. The top exchange’s market share shrank by nearly 40% since the end of Q4 2021 and ended the first quar...

Top Exchanges To Go On With Total Exit Plans From China On December 31st

Dec 27, 2021

Top cryptocurrency exchanges have reiterated their exit plans from China by the end of 2021. For most of them, December 31st, 2021 will mark the end of services for customers from China. This move became necessary after the rigorous approach taken by the Chinese authorities towards ensuring a...

Major Exchanges Wrap up Efforts to Retire Chinese Users

Dec 26, 2021

China’s top exchanges Huobi Global and MEXC Global have taken additional steps to ensure their respective users in mainland China conform to new crypto regulations and vacate their respective platforms.  Like many others, the move by the two key exchanges - Huobi which is the  larg...

China’s Biggest Crypto Exchange Moves Regional Headquarters to Singapore

Dec 2, 2021

China’s biggest cryptocurrency exchange, Huobi Global has chosen Singapore as the base for the regional headquarters of its cryptocurrency exchange. This comes across as one of the major fallouts of the continuing clampdown of Bitcoin and other cryptocurrency activities in China. Until its ...

Huobi Leaves China Without Any Intention to Return

Oct 7, 2021

China’s largest cryptocurrency exchange, Huobi, has finally given up on finding ways of retaining operations in the country. This decision was made known by the company’s co-founder, Du Jun who clarified that after several attempts, Huobi has given up on negotiations with regulators on the s...

Huobi, Kucoin Confirm Dates to Retire Mainland China Users from Platforms 

Oct 4, 2021

  Prompted by China’s recent declaration that crypto transactions have become illegal in the country, two key exchanges with Chinese roots have put forward their plans to terminate users from mainland China.  Huobi and Kucoin cite compliance as the main factor behind their plans. ...