Huobi can boost its Korean operations with a takeover of Bithumb, which is currently facing several lawsuits. But it may not be a straightforward deal. 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.
Info link:
https://decrypt.co/48516/crypto-exchange-huobi-reportedly-wants-to-buy-bithumb