Major cryptocurrency exchange Huobi Global recently announced that it has plans to expand to the Canadian market with a fully functional office in Toronto around November or December.
Houbi Global is one of the leading cryptocurrency financial service group. The company established Houbi.com in 2013 which aims at making the financial industry more accessible to everyone. The company aims to provide a safe, professional, trustworthy, and world-class service to its clients. Houbi ranks as the worlds third-largest cryptocurrency exchange with a daily volume of $1.7 billion across 208 markets. It is located in over 130 countries.
The firm’s expansion into Cannada marks the company’s second move into North America this year after setting up operations in San Francisco and it comes just weeks after Houbi announced about the upcoming European operations with an office in London. The firm stated that it noted the peer-to-peer cryptocurrency trading had surged in the country despite hostility from the domestic banks.
Besides the cryptocurrency exchange, Huobi Capital’s investment funding, Huobi’s Ecofund and Huobi Lab’s consulting services will be available to Canadian blockchain startups to encourage innovative solutions and accelerate adoption.
Houbi chose to add Cannada to its growing base of operations for its favorable regulatory environment and its policy maker’s dedication to fostering a safe trading environment for investors.
Ross Zhang, General Manager of Houbi Cannada says:
“Cannada is emerging as a leading blockchain nation, and Toronto is set to become one of the most active blockchain hubs across North America. Entering the Canadian market will help support Houbi to become the leader in blockchain and cryptocurrency innovation.”
Earlier this week, Houbi Labs announced that it signed a business partnership with Tianya Community to establish $1 billion blockchain fund in China’s Hainan province.
Zhang further states:
“We look forward to working with regulatory bodies to help the blockchain asset market become more credible so that mass adoption can come sooner. Establishing Huobi’s first Canadian offices in Toronto is a continued effort to help the blockchain industry become more credible so that mass adoption can come sooner.”
Zang also says:
“We want to build a strong ecosystem. We want to make the ecosystem bigger and stronger for this industry.”
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