Huobi Korea plans to cancel the connections to the parent company and to strengthen the presence in Germany -
Huobi Korea plans to cancel the connections to the parent company and to strengthen the presence in Germany -
is planning to break off the connection to the parent company. The management of the trading platform explained that they plan to "strengthen" their position as domestic cryptocurrency exchange.
There has been a lot of time Speculations and many rumors Cryptocurrency exchange Huobi Global, which was simply renamed "Huobi" at the end of November 2022. Huobi has reportedly released 20 % of his employees and plans to keep “a very slim team” in the future. In addition, Huobi has seen a significant number of withdrawals recently. Cryptoquant statistics show that on November 2, 2022, Huobi held more than 20,000 bitcoin . As of today, the cryptocurrency exchange bitcoin reserves are approx. href = "https://cryptoquant.com/asset/tc/chart/exchange-flows/exchange-reserve? Btc . In a similar way, Huobi had 22 million ETH In the reserves on November 2, 2022, but according to the statistics of Cryptoquant < target = "_ blank" href = "https://cryptoquant.com/asset/eth/chart/exccchange-flows/exchange-reserve? Rel = "noopener"> 18.19 million . In the middle of speculation, the South Korean news agency News1 that Huobi Korea wants to detach itself from the parent company Huobi. News1 reports that Huobi Korea is planning to buy shares from the parent company and change its name. The "equity relationship with Huobi Global is also clarified," says the report, and the teams are planning to hold a meeting between employees and top executives. News1 reported that the change of name and the share of shares would solve the connections between the two companies and enable the Korean stock exchange to operate independently. A source said News1 that the name change was an important event. "Huobi Korea suffered from being perceived as a foreign exchange, especially with the image of a 'Chinese stock exchange'," said the source. "It can be interpreted as an attempt to demonstrate that it is a 'domestic exchange' that is as safe as it is."
What do you think that Huobi Korea tries to cancel the connection to the parent company Huobi? Let us know your opinion on this topic in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons Huobi is experiencing considerable returns because the subsidiary Huobi Korea wants to become independent
