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Huobi Global reportedly plans relocation to the Caribbean

Published 11/02/2022, 05:29 AM
Updated 11/03/2022, 01:20 AM
Huobi Global reportedly plans relocation to the Caribbean

Chinese crypto exchange Huobi, which recently has had to disavow the rumors about massive layoffs inside the company, unveiled the plans to move its headquarters to one of the jurisdictions in the Caribbean, with the Dominican Republic being the first candidate.

In the report from Nov. 1, citing one of the board members, the FT revealed the company’s intention “to go all in in the Caribbean.” The reason is the region’s “super-friendly” crypto stance, common law systems and English language adoption. Among Dominica, the “frontrunners” among the local nations to host Huobi are Panama and the Bahamas.

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