crypto exchange Huobi Global, headquartered in Hong Kong About Capitalannounced that it was sold to
According to the agreement made Huobi sold its management shares to About Capital. About Capital, which will acquire the majority shares of the crypto exchange, will retain the management rights. However, according to the company, this agreement will not affect business operations.
Crypto Exchange Huobi Views Share Sale Positively
Crypto exchange Huobi has announced that it has acquired a majority stake in its blog post. About Capital announced that it was sold to The company stated that this sale only covers management shares. One of the world’s largest cryptocurrency exchanges Huobi did not take over the core operations and business management teams. About Capital will control majority shares of the stock market
It is not known how much the company will receive from this deal, which previously valued $1 billion for its 60 percent stake in the crypto exchange.
The crypto exchange is looking at this share sale positively. The company will use the proceeds for development and growth in the crypto industry. It will also contribute to margin and venture funds. Wanting to strengthen in the increasing crypto competition, the company focused on announcing its brand as part of its global expansion.
