One of the biggest cryptocurrency exchanges originally established in China is set to open an office in San Francisco. Huobi confirmed the news in an announcement at the Blockchain Connect conference which took place on Jan. 26 in the same city. The event focused on fostering cooperation among cryptocurrency markets, specifically between US’ and China’s.
The company’s Chief Strategy Officer Cai Kailong divulged that their new office located in the Silicon Valley is reportedly already under construction. “The US will be our focus right now,” he said.
The Huobi Group was founded in 2013, engaging in the exchange services industry in various countries such as Hong Kong, Japan, Singapore, and South Korea. Though originally founded in China, it was forced to venture out into other shores after local regulation bore a crackdown on cryptocurrency exchanges last September 2017.
Huobi entered into a partnership with the SBI Group from Japan to help the Japanese financial conglomerate in its bid to launch its own cryptocurrency exchange.