Cryptocurrency trading company Huobi, which was originally founded in 2013, is now moving its spot-trading operation to Gibraltar in order to avoid the crackdown on the industry currently taking place in mainland China, according to Bloomberg . According to Gibraltar Financial Services, Huobi received approval from the regulator, which will now start the process of migrating the company's operations from China to Gibraltar. After the process takes place, Huobi will be able to once again offer spot-trading services directly through the Huobi Gibraltar company, which will be regulated by the GFSC. Huobi Group co-founder Du Jun said in the statement...