KEY POINTS
  • Chinese cryptocurrency exchange Huobi is planning to re-enter the U.S. market more than two years after it ceased operations to comply with regulations, co-founder Du Jun, told CNBC.
  • Several years of tighter crypto regulation in China has given Huobi further impetus to expand into other parts of Asia with Europe and the U.S. next, Du said.
  • A step back into the U.S. market could put Huobi in competition with companies like Coinbase.

Chinese cryptocurrency exchange Huobi is planning to re-enter the U.S. market more than two years after it ceased operations to comply with regulations, one of the company's co-founders told CNBC.

But the company might not launch an exchange and instead could focus on other areas such as asset management, after missteps last time around, according to Du Jun.