Chinese Bitcoin Exchange Plans To Open Its Office In U.S.

One of the largest cryptocurrency exchanges in China called Huobi, plans to launch an office in San Francisco.

On 26 January, the chief strategy officer Cai Kailong  revealed about the action at Blockchain Connect and said he arrived to the U.S. with the purpose to set up the organization.

A Huobi spokesperson confirmed that the company is creating new headquarters in the Silicon Valley, characterizing the push as a fast-paced one.

Last year Huobi stopped offering yuan-based cryptocurrency trading pairs after Chinese regulators closed cryptocurrency exchanges and shifted its business to overseas, providing crypto-to-crypto trading pairs.

Last month Huobi announced about partnership with the investing company SBI Group to launch a pair of cryptocurrency exchanges in Japan for offering yen-based services.

Huobi Japan and SBI Virtual Currencies haven’t announced any firm timelines for their respective launches but were confirmed in a cooperation agreement signed by Huobi chairman Li Lin and SBI Group chairman Beiwei Kitao.

Huobi also goes to launch its own token. The company also said about its plans to organize an ICO.