On May 4, 2018, at EDCON in Toronto, Canada, the Huobi Group announced its plans to expand to the Canadian market with a fully operational office in Toronto by the end of the year. This expansion marks the blockchain asset company’s second move into North America this year after setting up operations in San Francisco, and it comes just weeks after Huobi announced it would be opening European operations with an office in London, as well.
The expansion will include “all the arms of the Huobi Group,” General Manager of Huobi Canada, Ross Zhang, told Bitcoin Magazine. As such, besides its cryptocurrency exchange, Huobi Capital’s investment funding, Huobi’s Ecofund and Huobi Labs’ consulting services will be available to Canadian blockchain startups to foster innovative solutions and accelerate adoption.
We want to build a strong ecosystem. We want to make the ecosystem bigger and stronger for this industry.
With offices in Singapore, Japan, South Korea, Hong Kong, and the United States, the Huobi Group represents Huobi.Pro exchange, Huobi Labs blockchain incubator, Huobi Capital investment fund, and Huboi’s international brands. The Group’s exchange arm, perhaps its most recognizable brand, consistently ranks in the top ten digital asset exchanges by 24hr volume, and according to Huobi Group records, it saw some $981.5 billion in trades in February alone. In response to the Chinese government’s tightening regulations, Huobi shut down exchange services in October of 2017.
Now, as the Huobi Group extends its reach into Canada, the organization is making a point to “recruit Canadian talent,” Zhang indicated, working with a variety of organizations to enrich local and global blockchain ecosystems alike.
“Even though we started in China in 2013, we (Huobi Canada) are a Canadian company. We want to be as local as possible,” said Zhang, who has himself worked
