Where is Huobi based?

Huobi ( Chinese: 火币网; pinyin: Huǒbìwǎng) is a Seychelles -based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.

What happened to Huobi technology?

Huobi Technology, the company’s listed entity in Hong Kong, recorded a loss of HK$48.8 million (US$6.2 million) for the six months ended this March, down from a profit of HK$54.1 million a year ago. Revenue grew 34 per cent to HK$351.8 million. Coco Feng is a Beijing-based tech reporter at the Post.

Does Huobi have a clean-reserve ratio?

Huobi’s clean-reserve ratio is the lowest among the eight exchanges listed by the digital-asset data provider. “There can be a risk in the exchange’s liquidity if a self-issued token holds a significant percentage of the total reserve amount,” CryptoQuant’s website states.

Could Huobi Group takeover be the biggest takeover since rout?

This article is for subscribers only. Huobi Group founder Leon Li is in talks with a clutch of investors to sell his majority stake in the crypto-exchange at a valuation of as much as $3 billion, in what could be the industry’s largest takeover since a $2 trillion global crypto rout began.