Huobi Becomes Third Crypto Exchange to Sign with S.Korea’s Busan City

Huobi announced it will sign a memorandum of understanding with South Korea’s Busan city on Wednesday to help the city establish its first crypto exchange and promote its blockchain ecosystem. The agreement entails Huobi providing technical and infrastructure support for building the city-backed crypto exchange and bringing more than 1,500 blockchain tech professionals into Busan from overseas. Huobi is the third global crypto exchange to sign with Busan, following Binance and FTX’s agreement last month. Huobi also plans to move Huobi Korea’s office from Seoul to the port city of Busan to expand support for the local blockchain projects and community.