Huobi Group Picks Singapore as Regional Headquarters

Huobi Group Picks Singapore as Regional Headquarters
Huobi Group, the corporation behind crypto exchange Huobi Global, has picked Singapore to set up its regional headquarters, the company told CoinDesk.A Huobi representative told CoinDesk via WeChat that the headquarters will manage operations for Southeast Asia, but refused to comment on whether that is the only region that will fall under the office’s purview. Bloomberg reported that the headquarters are for the entirety of Asia, quoting Huobi’s co-founder Du Jun.Since May, Huobi has moved swathes of its staff to the Singapore office, after the Chinese government announced a crackdown on crypto trading. Du Jun had also relocated to the…