Huobi Boosted As Li Shufei Takes On New Role

Appointments within the cryptocurrency world are often met with anticipation and momentum. Therefore, when a prolific figure moves from one huge cryptocurrency exchange to another, we need to have a look into the story. What are the implications of this, what does it mean for the exchange and moreover, what does it mean for the appointee? Li Shufei, was, until this month, the CEO of exchange, OKEx. Today, it is reported that Shufei has allegedly taken on a role within Huobi’s business development team and will be responsible for ensuring the growth of the exchange within areas of Asia, namely Japan, Korea and the Middle East. This is a very important position considering how cryptocurrency regulation in these areas is coming into play, that targets cryptocurrency exchanges directly. The exchanges are responsible for ensuring data integrity and the security of assets, as a Business Development Manager, Shufei will see that these regulations are worked into the strategy and of course, the development of Huobi. His wealth of experience in the industry will surely prove to be beneficial here. According to CoinTelegraph:

“Huboi, headquartered in Singapore, has recently launched a South Korean subsidiary, as well as revealing plans to open an office in London. Huboi CEO Leon Li told CT Japan that the exchange employed just 10 people at the time of its launch in 2013, with its workforce now at almost 1000.”

This marks a new era for Shufei and for Huobi. Big changes could be on the horizon, with Asian states at the fore, Shufei now has the capacity to ensure exponential growth of Huobi, and thus, of cryptocurrencies, internationally. At the time of writing, Huobi has a trading volume of $1,121,051,512.00, with EOS taking around 13% of trades. It’s a startling figure and puts into perspective the sheer size and growth of Huobi. Shufei certainly has big boots to fill, as it stands though, Shufei looks like to perfect man for the job.