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Huobi, one of the world’s largest and most popular crypto exchanges, recently announced the launch of their US platform HBUS. Huobi expressed that HBUS is not a subsidiary or division of Huobi, but rather a virtual currency marketplace that will be their exclusive US partner.

On June 25, 2018, Huobi announced that executive director Frank Fu from Meitu Inc., a successful photo-retouching app in China, will be the CEO of HBUS overseeing operations and leading the expansion of HBUS in the U.S. market.

Frank Fu has held several executive positions in the tech industry and already has a notable track record in the crypto space. While working at Meitu Inc., he had led a team that generated 500 million new mobile subscribers worldwide. Additionally, he has founded several digital media startups, and various blockchain mobile consumer applications.

This news marks another example of a traditional finance executive moving into the blockchain space. Fu said he sees the current economic climate as a “compelling time in cryptocurrency,” and looks forward to “assembling a team dedicated to building a world-class virtual currency and digital asset platform.”

Fu will be the keynote speaker in San Jose at the Blockchain Connect Conference on Tuesday, June 26.

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