Chinese-rooted crypto industry shifts focus to Hong Kong

Chinese-rooted cryptocurrency industry participants are increasingly gathering in Hong Kong. Former Huobi founder Li Lin has reentered the exchange business and is attracting industry figures through weekly gatherings. Li is seen as an industry elder in Hong Kong’s crypto sector. Binance founder Changpeng Zhao is reportedly visiting Hong Kong more frequently than Singapore. Additionally, HashKey Group Chairman Xiao Feng and TRON founder Justin Sun are spending significant time in Hong Kong. As a result, the center of gravity for the Chinese-rooted crypto industry appears to be moving to Hong Kong, while non-Chinese-rooted participants still favor Singapore, Dubai, and Tokyo.

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