Crypto Exchange Huobi Confirms Move Into Brazilian Market

Huobi, a major cryptocurrency exchange originally from China, has told CoinDesk that it’s setting up shop in Brazil.

The news first broke Tuesday when a Brazilian cryptocurrency news source reported that executives from Huobi were seen distributing name cards at a local industry event and talking to well-known figures.

The report further suggested that Huobi has set up an office in a co-working space in the country’s capital São Paulo and is also seeking to hire local staff via LinkedIn, posting staff positions such as chief compliance officer and digital market manager.

In a response to an enquiry from CoinDesk today, a representative from Huobi Group confirmed the company’s intent to enter the Brazilian market, but declined to disclose further details…

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