Huobi Global To Be Acquired Vy About Capital Management's M&A Fund

Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia market has agreed to be purchased by Hong Kong-based investment company About Capital Management's M&A fund. Huobi Global, a top-10 exchange by trading volume, said About will “control the majority stake” of Huobi once the deal closes; it said the ownership transfer will have no impact on trading operations.