Sunday, 19 April, 2026
China's Top Crypto Exchange Huobi Global To Be Bought By About Capital
By Basit Ansari
<p>China's top crypto exchange, Huobi Global has been taken over by an investment firm About Capital. Huobi announced that it is selling its entire stake to Capital, which is a Hong Kong-based fund management firm started by Ted Chen. Founded in 2013, Huobi flourished in China's crypto boom before Beijing declared all crypto trades to be illegal. Though the actual amount wasn't declared, the Capital provided the much-needed funds to help Huobi come out of its financial troubles.</p>
Read full story at Coin Desk
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