Founded in 2018, Hoo Group established itself as a comprehensive blockchain assets service platform. It was formed through the merger of two smaller exchanges, Chaince and OAX. Hoo provided a wide range of services including crypto-to-crypto spot trading, futures contracts, OTC services, and a custodial wallet. The platform aimed to create a secure and reliable ecosystem for global users to trade digital assets. However, in mid-2022, the company faced a severe liquidity crisis, leading to the suspension of withdrawals. Despite announcements of a debt-to-token restructuring plan, the exchange ultimately failed to recover and has since become defunct.

Founded in

United Arab Emirates