Crypto Exchange Huobi Reportedly Wants to Buy Bithumb

[sneakyboi]

Crypto Exchange Huobi Reportedly Wants to Buy Bithumb

Crypto exchange Huobi is reportedly looking to takeover Bithumb, Korea’s largest crypto exchange, as per a report by local news outlet The Bell. The move is said to be a path for Huobi to gain users in Korea without having to obtain the country’s strict licenses for crypto businesses for its main exchange.

Learn more about the news here.

[Mr. Magkaisa]

        -   Houbi didn't go through with buying Bithumb, did it? I didn't see any news on the article platforms about that matter. Then the owner of Bithumb had a problem just last year regarding tax evasion, as far as I know.
https://www.coindesk.com/business/2023/01/25/crypto-exchange-bithumb-owners-arrest-requested-by-south-korean-prosecutors-report/

There was an investigation because of this matter, so maybe this is also one of the reasons why Houbi did not continue buying here. Besides that, Houbi also had an issue last year regarding the hacking issue as well.