Crypto Exchange Huobi Poaches App Exec to Lead New US Branch

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Fu, who stated he sees the current moment as a”persuasive time in the cryptocurrency industry,” is likewise not the first Meitu exec to have shown a fascination with cryptocurrency.
Notably, Fu’s new position does not mark his first step to the cryptocurrency space. In April this yearhe invested $2 million in a blockchain-based sports match named MyDFS and has been appointed an adviser to the job, according to a statement at the moment.
Fu’s appointment comes at a time when the exchange is moving toward a formal launching in the U.S., with already enrolled as a money services business with regulators in the nation. According to its site, the San Francisco-based trade strategies to begin trading early next month.

A senior executive by the supplier of China’s top photo-retouching program, Meitu, will lead to HBUS — the brand new U.S. strategic partner of cryptocurrency exchange Huobi.
According to a statement on Monday, Frank Fu, former managing director of Meitu’s global business, will unite the fledgling U.S. exchange as CEO, and will oversee its operations and oversee the system’s technology development moving forward.

As reported by CoinDesk, Cai Wensheng, the founder and chairman of both Meitu — which went public in Hong Kong in 2016 with a rate of $5 billion at the time — said in May that he had attained his objective of amassing 10,000 bitcoin during the market sell-off in the first quarter of this year.

Bitcoin along with US dollars picture via Shutterstock