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Crypto Exchange Huobi Global to be Acquired by About Capital

coindesk.com + 6 more 07 October 2022 23:23, UTC

Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, said late Friday that it has agreed to be purchased by Hong Kong-based investment company Capital Management.

In a blog post, Huobi Global, a top-10 exchange by trading volume, said About will “control the majority stake” of Huobi once the deal closes; it said the transfer will have no impact on trading operations.

This is a developing story and will be updated.