Cryptocurrency Exchange Huobi Planning US Comeback By This Month’s End, Says Group VP

Ciara Sun, the Vice President at Huobi, mentions that the digital asset exchange wants United States investors to come back to a well-organized and better operation.

The Huobi group’s vice president recently mentioned that the Bitcoin exchange might come back in the U.S. market by the end of this month.

The aforementioned move would come 5 months after the exchange’s San Francisco-based OTC brokerage, HBUS unexpectedly stopped operations, mentioning vague regulatory obstructions. At the time, the Singapore-based Group mentioned it would come back but did not specify any timeframe.

Huobi Group’s vice president of global business, Ciara Sun said that the crypto exchange intends to relaunch their business in collaboration with a local licensed trading platform. As per her, this approach would permit it to be acquiescent with regulations at a lesser cost.

Sun mentioned,

“By working with a fully regulated local partner, we don’t have to apply for licenses to run the businesses from every state. We will come back as Huobi Group and there will not be a separate legal entity like Huobi US anymore.”