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Chinese cryptocurrency exchange Huobi plans to re-enter U.S. market, but with asset management focus

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Several years of tighter crypto regulation in China has given Huobi further impetus to expand into other parts of Asia with Europe and the U.S. next.

Chinese cryptocurrency exchange Huobi is planning to re-enter the U.S. market more than two years after it ceased operations to comply with regulations, one of the company's co-founders told CNBC.

"In 2018, we tried to enter the U.S. market but we quickly withdrew ourselves because we didn't have a strong commitment to the market at that time and we didn't have a good management team in the U.S.," Du said according to a CNBC translation of his comments in Mandarin.

 

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Trust nothing coming from China

Uhhhhhh ... Pass

Let’s hope those plans are thwarted…CNBC will try to help them

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