Frank Fu, a top representative from China’s top photo-retouching app, will now lead the Huobi U.S. (HBUS) team. Fu held many executive positions at Meitu Global but was most recently managing director of Meitu Global and international investment.
The Meitu executive will be joining HBUS as its new CEO and will manage the day-to-day operations of the platform’s technology development moving forward.
“I am incredibly excited about this new role that enables me to lead the expansion of HBUS in the U.S. market,” Fu told the press in an interview.
Huobi U.S. (HBUS)
In late-March, the chinese cryptocurrency exchange announced that it would be moving its operations overseas and would be opening operations within the United States.
According to the company’s website, the San-Fransico-based exchange plans on starting its trading operations early next month.
The website reads:
“As the exclusive US strategic partner of Huobi, HBUS strives to be a reliable and efficient marketplace for a rich selection of high-quality virtual currencies so that our users can be part of the open and competitive market that discovers blockchain assets with genuine potential to revolutionize the future of finance. In celebration of our launch, we are pleased to announce this BTC giveaway and zero fee trading promotion.”
HBUS is registered with the Financial Crimes Enforcement Network which is the main U.S regulator database. The company is determined to stay on top of U.S regulations and stay compliant with any new rule they may draft up. Huobi Founder, Li Lin, told the press:
“The issue is, currently there is no clear regulatory requirement for crypto-to-crypto trading platforms from the U.S. at the federal level. Other platforms like Poloniex also operate in a similar way with registration as a money service business.”
Trading on the new HBUS platform will start on July 10th and registration will begin on the 6th. The first users who sign up between July 6th and the 9th will receive 30 days of zero-fee trading.
Featured Image: Coin