The Huobi Exchange, originally located in Beijing, but later moved to Singapore against the backdrop of the ban on China's cryptocurrency trade, intends to expand its presence in Europe. Chern Chung, head of development at Huobi in Europe, said his company wants to have an office in London, because this city is "our statistics show that London is the most active trading scene across all of Europe." This is reported by Finance Magnates.
The London office will become the place where Huobi will develop and launch products for the entire European market. In addition, the exchange intends to establish strategic relations with leading banks located in one of the largest financial centers of the world.
London will not be the first place where Huobi will open its additional office. Earlier, the company began operating operations from South Korea, and in the foreseeable future plans to open in San Francisco.
Huobi's interest in London can also be conditioned by measures taken by Great Britain to introduce certainty into the issue of regulating the sphere of crypto-currencies.
Not Malta, not Switzerland. Absolutely London, more precisely Britain, is the entry point for the European market for us.
Vice Presient, Huobi Group
According to Chung, the latest decision of the exchange is proof of its "commitment and intention to become public", and says that the company "is not afraid of regulation and does not hide from it."
Bloomberg reported in Septembe 2017 that London city still ranks as the world’s “top financial center", so Huobi's decision can be good.