Huobi Global, one of the world’s leading cryptocurrency exchanges by daily transaction volumes, could move its headquarters from Seychelles to one of the Caribbean Island countries.

As reported by the Financial Times, the founder of the Tron ecosystem, Justin Sun, has labeled crypto regulations as “super friendly”, the rate of adoption in English, as well as its systems of standard laws, which have turned the region on an attractive basis to establish the exchange’s new operating system. campus.

Huobi Exchange was acquired by About Capital Management last month following founder Leon Li’s decision to sell his stake in the company. There were reports at the time that suggested Justin Sun kept the exchange, however, the billionaire cryptocurrency pioneer denied this claim.

It was later revealed that Sun had been appointed to the board of Huobi Global as a special advisor and has since played a leading role in making decisions bordering on the operational efficiency of the trading platform. While the exact choice of country in the Caribbean has yet to be determined, Sun has noted that Panama, Dominica and the Bahamas continue to top the list.

Justin Sun has increased his influence in the Caribbean over the past year and currently serves as Grenada’s permanent representative to the World Trade Organization (WTO). In a very bullish move for the ecosystem, Sun said that he has met with Dominica’s Prime Minister Roosevelt Skerrit and that Huobi will play a role in helping the country develop its crypto framework.

“The Caribbean…is a very crypto-friendly community…and I think right now, Dominica is one of the top contenders,” Sun said.[Skerrit] He is a very tech-savvy person. He understands how cryptocurrencies and technology work.”

Sun’s push to move Huobi’s headquarters to the Caribbean will follow the path of Sam Bankman-Fried, who moved the FTX Derivatives Exchange from Hong Kong to the region last year.

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