Crypto exchange Huobi Global, one of the largest cryptocurrency platforms in Asia, plans to move its headquarters to the Caribbean.
Huobi Global, founder of the Tron network and consultant to the company Justin Suna post from retweet plans to move to the Caribbean confirmed. Founded in 2013 in China, the stock market is now headquartered in Seychelles is located. Huobi last month hong Kong based investment company About Capital Management‘of M&A It had agreed to be purchased for an undisclosed amount by the fund. After this agreement, Justin Sun, a popular investor in the cryptocurrency community, sat in the consulting chair of the company.
Sun, who stepped down as Tron’s CEO last year to become Grenada’s Ambassador to the World Trade Organization, said earlier this week. Financial TimesIn an interview with the Caribbean “super friend“The crypto stance, use of English, and common law-based legal systems make this an attractive location for corporate headquarters,” he said. Dominica, Panama and of the Bahamas He added that it is among the leading countries for this move.
Given Sun’s influence, Dominica may be the most likely target. Last month, Tron signed an agreement with the Dominican government to issue a national fan token to promote the island’s heritage and tourism.
Exchanges that migrated from Asia to the Caribbean in search of a more beneficial regulatory environment include FTX. The exchange had moved its headquarters from Hong Kong to the Bahamas last year.