Interview with Livio Weng: What’s Next for Huobi?

Livio Weng, who got selected to be Huobi Group’s Vice President of operations, was recently interviewed by Blokt_a famous blockchain website_ where he talked about Huobi’s next moves: Expand here, expand there, expand everywhere!

Besides, Weng announced that Huobi will be carrying some big news sometime this year!

But first, who’s Livio Weng?

Having a robust background in fintech, social networking, and peer-to-peer lending, along with a Master’s Degree in Software Engineering from Tsinghua University, Mr.Weng is in charge of Huobi’s business development, branding, marketing, and PR: all of which require a substantial knowledge of Huobi, the market, and the competition.

However being a former Vice President of peer-to-peer lending startup Jiedaibao, Yeng is indeed the right man to be, as he represents an ideal profile of someone who is both experienced and skilled, which is enough to nail all the aforementioned departments.

Huobi’s ecosystem:

Huobi is now recognized as a market leader, first for being a top-volume digital asset exchange, second for regularly featuring in the news with its endless innovative solutions making its users happier every time. However in reality, Huobi is much more beyond that: Ever since it was founded in 2013, Huobi Group has been financed by Zhenfund and Sequoia Capital, with a turnover that exceeds 1.2 trillion USD, investments in more than sixty upstream and downstream enterprises and a global share of 50%, Huobi is the third cryptocurrency exchange by volume and the world’s largest digital assets exchange.

The entire Huobi ecosystem consists of various entities that have different tasks and one single objective: Provide financial digital services.

Some of the projects included in the Huobi ecosystem are: Huobi Wallet, Huobi Chat, Huobi News, Huobi OTC, Huobi Research, Huobi Labs, Huobi Capital, Huobi

Ecosystem Fund, Huobi Chain development, Huobi Mining Pool, Huobi University (in China), Huobi Legal Services, Huobi Talent, Huobi Cloud and the multitude of digital asset exchanges around the world. To make the list complete the current asset exchange offerings worldwide are Huobi Global, Huobi NEXT, Huobi Korea, Huobi Japan, Huobi Australia, and Huobi MENA.

Nevertheless, while executing its expansion plans, Huobi kept its vision alive by keeping the “customer satisfaction” as a key driver for the company when undertaking any action. The best proof of that is the User Protection plan that the company has laid out and funded for times of emergency, alongside its 24/7 customer service platform.

Another thing yet, HUSD

Adding HUSD to its exchange is yet another strategic decision done by Huobi. HUSD is a stable coin solution that consists of 4 different stablecoins listed on Huobi Global. PAX, GUSD, USCD, and TUSD can all be converted in a 1:1 ratio with HUSD. For instance, when you deposit PAX into your Huobi account you will have 1 HUSD. You can then withdraw GUSD to a hardware wallet, by withdrawing 1 HUSD and convert it into 1 GUSD. Whereof this stablecoin solution offers Huobi users a much wider choice of stablecoins while giving them full protection against stablecoin devaluation: One coin can be influenced by whales or by spreading FUD. HUSD is four coins in one, which makes a much more secure and stable.

EOS-friendly…

‘EOS is among the most important delegated Proof-of-Stake (DPoS) currencies so it was a natural choice for us to include it’. Quoted Livio Weng

Being the third biggest cryptocurrency exchange in volume implies that there are many EOS holders on Huobi’s exchange that can now access all features EOS offers to holders. Consequently, there will be some significant surge of demand around the corner, giving a result to a higher price of EOS which will also give a boost to the usage of the EOS blockchain.

Moreover, after EOS being successfully added at Huobi’s Wallet more coins will follow as Weng confirmed that the community should expect to see more currencies added at an accelerated rate. Such a thing is no new to Huobi Wallet after it becoming the first wallet to support seven stablecoins including PAX, TUSD, USDC, GUSD, DAI, EURS, and USDT.

So What’s Next?

While we can’t tell yet what’s on Huobi’s mind for the next couple of months, we can only help to think that this world-leading cryptocurrency exchange will definitely bring us closer to the decentralized, safe and advanced world we hope to live in, as it will unlock the next step of connecting  the world with cryptocurrencies and accelerate the adoption of blockchain in our lives. Huobi is indeed an excellent ecosystem of services and networks that won’t stop impressing us, let’s wait and see.


PS: If you do not have a Huobi account yet, you can use this link to register.

DISCLOSURE: THIS ARTICLE SHOULD NOT BE CONSIDERED AS FINANCIAL ADVICE AS IT ONLY REFLECTS MY PERSONAL OPINION AND VIEWS AND IS SOLELY INTENDED TO BE FOR GENERAL INFORMATION. THIS IS NOT AN INVITATION OR AN OFFER TO BUY OR SELL CRYPTOCURRENCIES, NOR IS IT A RECOMMENDATION TO BUY OR SELL SPECIFIC TYPES OF CRYPTOCURRENCIES. I HAVE SAVINGS INVESTED IN CRYPTOCURRENCY AND I HAPPEN TO BE A HUOBI PRO USER SO TAKE WHATEVER I WRITE WITH A GRAIN OF SALT.

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