Huobi Global headquartered in Singapore has shared its plan to enter the American market. The General Director of HBUS, that is also Huobi Global’s strategic partner commented, “Once we establish partnerships with our institutional clients and put in place the required regulatory and compliance structure, we should be able to offer innovative products and financial services to larger audiences.”
The CFO of Huobi, Chris Lee have revealed that the company is intended in launching their own stablecoin. The launching of their own stablecoin was reported to be one of the company’s strategic development for the year 2019. Although the year 2018 was indeed a challenging year, Chris Lee has expressed his optimism that the industry will recover this year.
The Huobi exchange has established Huobi Russia in association with the Russian Development Bank’s (VEB) Digital Transformation Center. The Center is aimed at the promotion of the blockchain and cryptocurrencies. The CEO of the exchange acknowledged that the crypto trading volume in Russia stood on a rising trend.
The CEO of Huobi, Leon Li has recently met the co-founders of Gemini cryptocurrency exchange, Winklevoss Twins to discuss developing a cryptocurrency bridge which will connect the United States and China. Leon Li highlighted, “We also plan to bring more awareness about Huobi’s digital assets and financial services in China to the world.”
The subsidiary company of Huobi exchange, Huobi MENA and AI Trader have partnered to enable the users to trade with the power of deep learning the artificial intelligence (AI). The co-founder of Huobi MENA explained, “The strategic partnership with AI Trader enables our users to apply the latest analytical trading tools, thus alleviating the burden on our traders.”
Tiffani McCoy has been recruited as the general counsel of the HBUS, the US exchange partner of the Huobi exchange. McCoy held leadership positions at the Google, Yahoo, and Intuit. The CEO of the HBUS stated, “Her insight and experience will be a major asset for HBUS as we gear up to become one of the top digital currency marketplaces.”
Huobi is currently getting ready to launch and move its operations to its public blockchain. Public Blockchain will allow Huobi users to make transactions and become their own validator without any restrictions on access. Huobi is currently working on developing a healthy ecosystem with proper security measures before moving their operation to the public blockchain.
Huobi has recently launched a beta version of its new social media platform called Huobi Chat to cater the needs of cryptocurrency enthusiasts to which 1200 invitations have been sent to use the platform. The social media platform aims to connect the cryptocurrency enthusiast in one place to share their views and connect with each other.
The founder and the CEO of Huobi, Leon Li has recently met Sergey Glazyev, the advisor to the Russian President, Vladimir Putin at the Huobi’s office located in Beijing. Glazyev explained, “The combination of Huobi’s experience to implement in Russia will have a positive effect on Russia’s economic growth. Therefore, I believe this is a great opportunity to explore this area.”
The Huobi Chain has declared the addition of eight members to the Huobi Chain Expert Advisory Committee. The consortium includes Steve Hoffman, Laura Xiaolei Liu, OOI Beng Chin, Don Tapscott, Jeffrey Wernick, Long Wong, Jihan Wu and Randi Zuckerberg. The experts are expected to support the election phase of the Huobi Chain Superhero Championship Program.