Huobi raises $50 million for four crypto funds
The Huobi exchange, via Huobi Asset Management, the unit of Hong Kong-listed Huobi Technology Holdings, attracted $50 million into four crypto funds. This was reported by journalist Colin Wu. On April 22, the largest Chinese exchange Huobi HK company launched its asset-management service to three private equity funds that invest in BTC and ETH and one in mining. It has received $50 million and will reach $100 million in the third quarter of this year.