Huobi Global: Will the exchange’s latest move prove to be a blessing-in-disguise

Cryptocurrency trading exchange Huobi Global is all set to be acquired by Hong Kong-based About Capital Management. The announcement was shared by Huobi Global through a press release. A major player in the Asian crypto market, Huobi Global had been seeking an M&A deal for some time now. The exchange however, decided to partner with […]

However, Li closed the deal with About Capital. The terms of the deal with About Capital were not disclosed.

“Over the past nine years, we have witnessed Huobi’s ascendence into one of the largest virtual asset exchanges in the world. We believe the successful acquisition by About Capital vehicle will contribute to Huobi’s global expansion in both aspects,”Huobi Global performed exceedingly well during the crypto bloom of 2021 before China’s blanket ban on all crypto-related transactions. The group now handles a couple of crypto-related entities.

The development cast a positive spell on the price of Huobi Token , the native cryptocurrency of the Huobi Global exchange. Over the past 24 hours, its value hasRead the best crypto stories of the day in less than 5 minutes

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