China’s Biggest Crypto Exchange Picks Singapore as Asia Base

(Bloomberg) — Huobi Group, the operator of China’s largest cryptocurrency exchange, picked Singapore as its regional headquarters while choosing to have another location for Europe, co-founder Du Jun said.

Singapore becomes the company’s new base after it shifted focus outside its original home of Beijing, Du said in reply to queries from Bloomberg News. He has been based in the city-state since he returned to Huobi at the end of last year. The company is planning to set up another regional headquarters in either France or the U.K. in 2023, he said.