Crypto exchange Huobi Global, one of the largest cryptocurrency platforms in Asia is planning to move to the Caribbean and will decide whether it will be Dominica, Panama and the Bahamas.
The exchange, founded in China in 2013, is currently based in Seychelles. Justin Sunthe founder of the blockchain network Tron and an advisor to the company confirmed the move of Huobi Caribbean in a Tweet.
Sun, who stepped down as CEO of Tron to become Grenada’s ambassador to the World Trade Organization last year, loves Caribbean crypto’s “super-friendly” attitude, use of English and law-based legal systems common, made it an attractive region to set up. shop.
Dominica is likely to be the destination as Tron entered into an agreement with the Dominican government to issue a national fan sign to promote the island’s heritage and tourism.
The move would mark the latest example of a crypto exchange migrating from Asia to the Caribbean in search of a more crypto-friendly regulatory environment. Last September FTX moved its headquarters from Hong Kong to the Bahamas and OKX just opened this month with Dr Jillian Bethel as CEO of the company.
