Chinese digital currency exchange Huobi, that was one of the largest exchanges in the country, is currently planning to open an office in San Francisco.
According to CoinDesk, the Chief strategy officer Cai Kailong reported on company’s plans during the American-Chinese Blockchain Connect conference on January 26th. He also mentioned that he visited the United States a week before to help launch the office.
Cai explains that Huobi intends to expand its market worldwide and the very first step will be the creation of an American department.
A company’s spokesman confirmed this information, having stated that the exchange would open a new headquarters in the Silicon Valley area. He also added that the company would work very active to open the office as soon as possible. However, he did not specify what exactly the new office will be in charge of.
Last year Huobi suspended trade in yuan-based trading pairs because the Chinese government banned activities related to cryptocurrency exchange in the country.
This new office in the US can be an another step in the international expansion strategy of the exchange. Last month it was announced that Huobi will set up a partnership with the investment company SBI Group to create a pair of cryptocurrency exchanges in Japan providing services with Japanese yen.
Last week, Huobi announced the release of its own token called Huobi Token (HT).
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