Huobi Global acquired by About Capital Management

Huobi will sell a majority stake to Hong Kong-based investment company About Capital Management, Huobi announced in a blog post.

As the change in ownership occurs, there will be no impact on the exchange’s core operations, and Huobi said it will focus on international business expansion. This includes the creation of a global strategic advisory board led by “leading industry figures,” as well as the formation and capital infusion of a risk provision fund.