Huobi Group has delved deep into the cryptocurrency and blockchain industry. Not only is Huobi one of the largest exchanges by trading volume but it also has a whole ecosystem of blockchain products and services including a venture capital arm and incubator.
Blokt recently interviewed Huobi’s Vice President, Livio Weng, who hints that there will be some very big Huobi news coming this year. We chatted with Weng to gauge what direction Huobi will be moving forward in. Weng reveals the goals of this world leading blockchain company.
The interview went as follows:
Could you introduce yourself and tell us about your role at Huobi Group?
My name is Livio Weng and I am Vice President at Huobi Group. My professional background is in fintech, peer-to-peer lending, and social networking. I presently oversee all Huobi’s business development, branding, marketing, and public relations.
Could you tell us what Huobi is all about in a few sentences?
Huobi Group is the world’s leading blockchain company. Not only do we run Huobi Global, which ranks among the top three cryptocurrency exchange companies in the world by trading volume, but also the complete Huobi ecosystem of blockchain products and services.
What separates Huobi from other digital asset exchanges?
Our complete ecosystem really sets us apart. We offer a full range of services across the blockchain ecosystem; this includes everything from our mining pool (Huobi Mining Pool), to our multi-chain crypto wallet (Huobi Wallet), to our flagship exchanges on Huobi Global. We also have two venture capital and investment arms (Huobi Capital and Huobi Global Ecosystem Fund) and a blockchain incubator in San Francisco (Huobi Labs), among other projects.
Could you tell us the benefits of HUSD, Huobi’s new stablecoin solution?
HUSD is really about user choice. Many of our clients wanted access to new government-regulated stablecoins like Paxos Standard Token（PAX), True USD（TUSD)，USD Coin (USDC), and Gemini Dollar（GUSD) but limited trading volume and market capitalization prevented us from offering it to them. By grouping these regulated stablecoins together as HUSD, we can give traders access to their coin of choice at less cost and at reduced risk. If you deposit PAX with Huobi as HUSD, for example, you can withdraw it as a Gemini Dollar, a TrueUSD or any other coin listed under HUSD with no conversion fee.
One important thing to note on this topic; while we strongly believe in offering users choice, we have no plans to abandon USDT either. We think its market capitalization and demand makes it indispensable and we have no plans to delist or restrict access to it.
Does Huobi have any interesting partnerships lined up?
We’re always on the lookout for promising new partnerships.
While I can’t release any details just yet, people may hear some very big news from us in December.
What has been your biggest challenge so far working for Huobi Group?
The biggest challenge is also one of the biggest advantages. Things move at lightning pace in the cryptocurrency world. To stay ahead, you need to move at an even faster speed and constantly innovate. While it rarely makes things easy, it does make blockchain an exciting and rewarding field to be in.
Where do you see the Huobi Group being in 5 years?
We want to be the world’s largest cryptocurrency exchange by volume and to expand our global network of blockchain-related projects and businesses even further.