Huobi (火币网) is a Chinese digital currency trading platform and exchange based in Beijing. It was founded in September 2013. Since its establishment in 2013, Huobi's accumulative turnover has exceeded $1 trillion and has become the world's largest digital asset exchange with a global share of 50%. Financed by ZhenFund and Sequoia Capital, Huobi Group has invested in more than ten upstream and downstream enterprises. It has established compliance service teams in Singapore, US, Japan, South Korea, Hong Kong, Thailand, Australia with its secure and credible trading and asset management services to millions of users in 130+ countries.[19]