Huobi Pro, the international division of the once popular Chinese exchange announced its plans to launch an office in San Francisco.
Cai Kailong, Chief strategy officer, revealed the move on January 26 at the USA — China blockchain conference Blockchain Connect, saying he came to the U.S. the week prior to help set it up. Cai also said that Huobi is looking to grow internationally and that “the U.S. will be our focus right now.”
A spokesperson for Huobi confirmed that the company is building a new headquarters in the Silicon Valley area, but the representative did not offer any further details the office's purpose.
Last month, we have reported Huobi Group partnered with SBI Holdings, a financial services company group based in Tokyo, to launch a pair of cryptocurrency exchanges in Japan in order to offer yen-based services and to develop the cryptocurrency-related business in the Asian region.
Huobi Pro also announced on January 23 that the company plans to launch its own cryptocurrency, called Huobi Token (HT).