Where is Huobi based?

Huobi ( Chinese: 火币网; pinyin: Huǒbìwǎng) is a Seychelles -based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.

What happened to Huobi Labuan?

In March 2018, Huobi announced that it will be launching in the United States. In August 2018, in a reverse takeover, Huobi acquired a 74% stake in Hong Kong electronics manufacturer Pantronics Holdings, becoming listed on the Hong Kong Stock Exchange . In November 2020, Huobi launches Huobi Labuan to realize regulated crypto exchange in Malaysia.

Will Huobi's acquisition price be disclosed?

In response to an enquiry sent by the Post, a Huobi representative said the acquisition price cannot be disclosed. Founded in 2013 in Beijing by Oracle veteran Li, Huobi grew to become a major global cryptocurrency exchange. However, it has been continuously grappling with the Chinese government’s crackdown on the sector.

What is Huobi token?

Huobi Token is an ERC-20 token, meaning it operates on the Ethereum blockchain. The token is deflationary; it relies on a burn mechanism that removes circulating HT to lower the supply and potentially increase its price. The token has plenty of use cases, to name a few: Trade HT on centralized and decentralized exchanges.