Why Huobi exchange is acquired by About Capital?

It's about Huobi exchange

Huobi Exchange

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The Acquisition

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Huobi Financial Distress

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Failed to expand

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What will happen next?

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Huobi delisiting Coins

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We're on You Tube

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It's about Huobi exchange

It's about Huobi exchange

Huobi Exchange

Huobi Exchange

Huobi Global was once the leading crypto exchange in the world. It fell prey to Chinese crypto ban & bear market

The Acquisition

The Acquisition

In the recent announcement, Huobi has sold its entire stake to About Capital, a Hong Kong based fund management company.

Huobi Financial Distress

Huobi Financial Distress

Majority of its users are from China. It fell victim to Chinese crypto crackdown which caused financial stress resulting in lay-offs.

Failed to expand

Failed to expand

The founder's Leon Li reluctance to move out of China was considered the bad move that resulted in acquisition of the exchange.

What will happen next?

What will happen next?

There will be no change in the mode of operation & management team after the acquisition by About Capital

Huobi delisiting Coins

Huobi delisiting Coins

Checkout the private coins delisted by Huobi

Also Read:

Also Read:

1..Binance hack

1..Binance hack

2..Proof of Peach

2..Proof of Peach

3..Crypto vs CBDC

3..Crypto vs CBDC

We're on You Tube

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