Huobi Global, which operates one of the world’s leading cryptocurrency exchanges in terms of daily transaction volume, has hinted that it is moving its headquarters from the Seychelles to the Caribbean island nation.

Huobi was acquired by About Capital Management last month after founder Leon Li moved to sell his stake in the company.

There were reports that Justin Sun had already taken over the stage, however, the billionaire crypto pioneer denied the claim.

It was later revealed that Sun was appointed to the Huobi Global Board of Directors as a special advisor, and since then, the platform has played a key role in making decisions that limit the trading platform’s operational efficiency.

The exact selection of the Caribbean country is still undecided, Sun noted, with Panama, Dominica and the Bahamas remaining at the top of the list.

Justin Sun has increased his influence in the Caribbean over the past year and currently serves as Grenada’s Permanent Representative to the World Trade Organization (WTO).

In a very bullish move for the ecosystem, Sun met with Dominica’s Prime Minister Roosevelt Skerritt and said Huobi could play a key role in helping the country develop its own crypto framework.

He added:

The Caribbean…is a very crypto-friendly community…and I think Dominica is one of the top leaderboards at the moment.

Skerrit (Prime Minister of Dominica) is a tech-savvy person.

They understand crypto and how technology works.

Sun’s push to move Huobi’s headquarters to the Caribbean follows a similar move by Sam Bankman Fred, who moved its FTX platform from Hong Kong to the region last year.

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