{"id":58231,"date":"2022-02-22T13:34:37","date_gmt":"2022-02-22T11:34:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58231"},"modified":"2025-09-04T15:43:32","modified_gmt":"2025-09-04T12:43:32","slug":"huobi-announces-return-to-the-u-s-market","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/huobi-announces-return-to-the-u-s-market\/","title":{"rendered":"Huobi announces return to the U.S. market"},"content":{"rendered":"

The Chinese bitcoin exchange Huobi plans to return to the U.S. market after more than two years away. Co-founder Du Jun said this to CNBC<\/a>.<\/p>\n

The exchange began operating in the U.S. in 2018. In November 2019 the company transferred customer service for residents to the newly created HBUS subsidiary, but it was closed a month later.<\/p>\n

\n

“In 2018, we tried to enter the U.S. market, but left quickly because there was no serious readiness and a good local team,” Du explained.<\/p>\n<\/blockquote>\n

According to him, given past mistakes, instead of launching a trading platform the company could focus on other areas of activity, such as asset management.<\/p>\n

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“I expect asset management to become a bigger business than the exchange. Moreover, this resonates with the traditional financial markets,” Du added.<\/p>\n<\/blockquote>\n

The return to the U.S. is part of Huobi’s broader plan for global expansion after the ban on cryptocurrency trading<\/a> in China. In September 2021 the exchange halted<\/a> registration of new users from mainland China.<\/p>\n

Du said that, due to the shutdown of operations in China, Huobi lost around 30% of its revenue. This served as a spur for the company’s international expansion.<\/p>\n

At the end of 2021 Huobi selected Singapore<\/a> as the location for its headquarters. In addition to the return to the U.S., the exchange is considering opening offices in Europe.<\/p>\n

In 2021, Huobi’s subsidiary obtained a license<\/a> from the Gibraltar regulator to launch spot trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chinese bitcoin exchange Huobi plans to return to the U.S. market after more than two years away. Co-founder Du Jun said this to CNBC.<\/p>\n","protected":false},"author":1,"featured_media":58232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,230,26],"class_list":["post-58231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-huobi","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58231"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58231\/revisions"}],"predecessor-version":[{"id":58233,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58231\/revisions\/58233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58232"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}