Huobi Exchange to Open Office in San Francisco

The company is looking to grow internationally and “the U.S. will be our focus right now”, said Chief strategy officer of Huobi
31 January 2018   974

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).

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.