Huobi says former Korean division is already independent, but Huobi will also serve Korea Cryptocurrencies
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“Huobi Korea is not a subsidiary of Huobi, and its shares belong to the former Huobi Global's shareholders and have no relationship with Huobi,” Huobi wrote in response. “In November 2022, Huobi Global completed a brand upgrade, updating its brand name to Huobi and proposing to develop its operations in various regions around a global development strategy,” they wrote. “Huobi has no relationship with Huobi Korea and is unaware of their upcoming plans in the region.”
A Huobi spokesperson told Kitco Crypto that the exchange plans on moving forward with “a very lean team” amid the ongoing bear market. “The personnel optimization aims to implement the brand strategy, optimize the structure, improve efficiency and return to the top three,” they said.
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