Crypto Exchange Huobi Global to be Acquired by About Capital

Crypto exchange Huobi Global, one of the biggest token trading outposts in the Asia markets, said late Friday that it has agreed to be purchased by Hong Kong-based investment company Capital Management.

In a blog post, 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 transfer will have no impact on trading operations.

This is a developing story and will be updated.