Friday, 24 March, 2023

China's Top Crypto Exchange Huobi Global To Be Bought By About Capital

<p>China&#39;s top crypto exchange, Huobi Global has been taken over by an investment firm About Capital. Huobi announced that it is selling its entire stake to Capital, which is a Hong Kong-based fund management firm started by Ted Chen. Founded in 2013, Huobi flourished in China&#39;s crypto boom before Beijing declared all crypto trades to be illegal. Though the actual amount wasn&#39;t declared, the Capital provided the much-needed funds to help Huobi come out of its financial troubles.</p>