• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

STEPN has made a decision to “move” to Hong Kong

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

STEPN has selected to move its headquarters to Cyberport – Hong Kong, in spite of the wave of “escape” from the city by other significant names.

STEPN has made a decision to “move” to Hong Kong

STEPN, has just unveiled sudden programs to open an workplace in Hong Kong, going towards the trend of leaving the city due to the stringent Covid principles and the challenging regulatory surroundings right here.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Bitget confirms acquisition of Hong Kong stock exchange OSL

Bitget confirms acquisition of Hong Kong stock exchange OSL

November 15, 2023

Stepn, NFT sneaker maker, will open initially workplace in Hong Kong government-owned Cyberport as regional headquarters https://t.co/OAlBxBWsUA

– South China Morning Post (@SCMPNews) September 4, 2022

Talk with South China Morning Postundertaking co-founder Jerry Huang confirmed that the corporation will move its headquarters to Cyberport, a Hong Kong technologies hub that hosts far more than one,800 startups and firms.

Huang mentioned the move was prompted by talks with former Cyberport president George Lam about producing a Web3 startup surroundings in Hong Kong. STEPN’s present headquarters are situated in Adelaide, Australia.

The corporation has but to announce a exact date for the relocation of its headquarters, but it can be noticed as a “backward move” as most of the fiscal and technologies firms are leaving Hong Kong 1 by 1.

For instance, FTX no longer considers Hong Kong as its residence and final 12 months made a decision to move its headquarters to the Bahamas. FTX CEO and founder Sam Bankman-Fried at the time also expressed good disappointment at the stringent quarantine policy right here.

Also former PwC leader Henri Arslanian he chose the Cayman Islands and Dubai as his base for his new cryptocurrency corporation due to challenging approval procedures and travel restrictions in Hong Kong. But he nonetheless feels that Hong Kong is the best decision.

Many firms have been concerned about Beijing’s strain on Hong Kong, in particular because the National Security Act went into impact in June 2020. The mixture of Beijing’s antagonistic stance and the complete ban on mainland China has brought on numerous organizations to hesitate. to depart.

About STEPN himself, even though prohibited in China but it nonetheless are unable to be denied that the present achievement of the undertaking comes from a substantial amount of customers right here. After getting the most well-liked application on Solana, the corporation reported working effects for the 2nd quarter of 2022, posting a revenue of up to $ 122.five million, up five occasions from the exact same time period of the exact same quarter prior. . The undertaking also left its programs for distribution on Ethereum open following Solana and BNB Chain, as properly as partnering with the NFT Bored Ape Yacht Club assortment and partnering with the Spanish workforce to release the most current NFT assortment.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: decidedHongKongMoveSTEPN
Share76Tweet48

Related Posts

Ankr Migrates RPC Services to Private Network

by shark
June 26, 2025
0

Ankr has upgraded its RPC services by migrating to a private network managed by Asphere, enhancing privacy and operational transparency...

NEAR Proposes Halving Token Inflation Amid Ecosystem Support

by shark
June 26, 2025
0

NEAR Protocol proposes cutting token inflation by half, aiming to enhance value and reduce staking reliance.

U.S. Secret Service Freezes $225M in Crypto Scam

by shark
June 26, 2025
0

U.S. Secret Service halts $225 million crypto scam with Coinbase, Tether assistance, marking historic seizure.

Cardano Advances Layer-2 Scalability with New Protocols

by shark
June 26, 2025
0

Cardano pushes ahead with new layer-2 protocols designed to enhance scalability and efficiency, benefiting the ADA ecosystem.

Metaplanet Raises $515M for Bitcoin Acquisition

by shark
June 26, 2025
0

EVO Fund exercises warrants, raising $515M for Metaplanet's Bitcoin acquisition strategy.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ankr Migrates RPC Services to Private Network
  • A Comprehensive Comparison of Qubetics ($TICS), Polygon, and Bitcoin – Top Crypto Presale Opportunities
  • NEAR Proposes Halving Token Inflation Amid Ecosystem Support
  • U.S. Secret Service Freezes $225M in Crypto Scam
  • Cardano Advances Layer-2 Scalability with New Protocols
  • Metaplanet Raises $515M for Bitcoin Acquisition
  • SEI Price Surges Amid Rising Buy Volumes and Technical Signals
  • Nasdaq-100 Reaches Record High Amid Tech Stock Surge
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7