In Saturday’s Bitcoin in Brief, we cover some of the new expansion plans of leading cryptocurrency trading platforms. Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses in the crypto space.
Also read: Exchanges Expanding, Brave Adds Tor, Tether “Double Spent”
Huobi Confirms Plans for Office in London
Crypto exchange Huobi will be opening an office in London as part of its plans for global expansion that include America as well. The Singapore-based trading platform, currently the third largest by trading volume, has confirmed earlier reports in an official statement this week and is obviously moving closer to the City. Operations in the UK will be managed by Lester Li who will take the post of European Exchange Director and Josh Goodbody who will assume responsibilities as Chief Compliance Officer.
Despite the generally lukewarm attitude of British financial authorities and regulators towards cryptocurrencies, the industry has been gaining ground on the Albion, with UK trading volume ranking fifth in the world, according to Huobi. In other words, the Kingdom has become the largest crypto market in Europe. Britain has also registered a growing number of successful ICO projects that have raised about $500 million in 2018, as claimed in a recently released report.
Coinbase Opens New Office on the West Coast
While Huobi is eyeing London, Toronto, San Francisco, and São Paulo, the US-based exchange Coinbase has been planning an expansion on America’s West Coast. The trading platform announced in
