25 Jul '14, 9pm

Huobi: Regulated US Bitcoin Market Key to Our Expansion

Huobi: Regulated US Bitcoin Market Key to Our Expansion

Known as one of China’s ‘big three’ exchanges, Beijing-based Huobi experienced a meteoric rise to the top tier of China’s bitcoin industry last year, emerging from relative obscurity to become a market leader with more than 100 employees. Since that early success, Huobi, like other China-based exchanges, has struggled to control its international perception. Huobi has had to fight off rumours it was faking trading volumes in a bid to attract users. Further, the future and stability of its business were called into question by China’s central bank, which has moved broadly to discourage bitcoin businesses from working with its financial services sector in March. It’s this uncertain image that Huobi is looking to attack as it, like major competitors OKCoin and BTC China, begins to set its sights overseas. In accordance with these global goals, the company’s international busi...

Full article: http://www.coindesk.com/huobi-us-bitcoin-market-expansion/

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