1. PixelPlaygroundHome
  2. Blockchain Briefs

Huobi Korea rebrands as High Block, heralds strategic shift

• Blockchain Briefs • 183 views

Huobi Korea rebrands as High Block, heralds strategic shift

On March 14, Houbi Korea announced today that it would change its name to “High Block” and officially become an independent Korean enterprise.

Houbi Korea changed its name to “High Block

Analysis based on this information:


Huobi, one of the largest cryptocurrency exchanges in China, announced on March 14 that it would change the name of its Korean subsidiary to “High Block” and become an independent enterprise. The decision was made in response to the Korean government’s strict regulations on cryptocurrency trading, which require exchanges to comply with strict KYC (know-your-customer) and AML (anti-money laundering) rules, as well as to ensure their information security systems are up to standard.

The rebranding of Huobi Korea follows a series of strategic adjustments made by Huobi in recent years. In 2017, Huobi was one of several Chinese exchanges that were forced to move their operations outside of China due to a regulatory crackdown by Beijing. Since then, Huobi has expanded its operations globally, establishing subsidiaries in Japan, US, and Korea, among others.

Now, the rebranding of Huobi Korea as High Block signals the company’s strategic shift towards becoming a more localized and independent enterprise. The new name is expected to resonate better with Korean users and to help the company establish a stronger presence in the Korean market, which is seen as one of the most important cryptocurrency markets in the world.

Huobi officials stated that they aim to create a more localized brand image and to build a more comprehensive ecosystem of blockchain services in Korea. This includes the development of new products and services for Korean users, as well as partnerships with Korean blockchain companies and institutions. By doing so, Huobi hopes to strengthen its position in the Korean market and to build a stronger foundation for its future growth.

Overall, the rebranding of Huobi Korea as High Block signals a new chapter in the company’s history. It reflects the company’s willingness to adapt to changing circumstances and to pursue a more localized and strategic approach to doing business in Korea. While it remains to be seen whether this approach will be successful, it is clear that Huobi is committed to growing and evolving its business in response to the needs and preferences of its users.

In summary, Huobi Korea’s rebranding as High Block is part of the company’s broader strategic shift towards becoming a more localized and independent enterprise in Korea. The move signals a commitment to building a stronger presence in the Korean market and to developing new products and services for Korean users. Three keywords that encapsulate these developments are rebranding, independent Korean enterprise, and strategic shift.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7329/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/14/2023 06:58
Next 03/14/2023 07:08

Recommended articles