Huobi, the third biggest exchange by trading volume, wants to get more institutional clients on board by organizing educational events, a recently published press release states. Given that their Huobi Prestige Investor gig turned out to be quite successful, they now want to organize similar events in other APAC countries.
‘A real hunger among traders’
Huobi’s Edward Chen claims that they saw ‘a real hunger’ among professional traders who are in search of sophisticated trading tools and data. Huobi, with its Prestige Investor events, is willing to tap right into their appetites. APAC countries definitely represent the place to start – there is no platform for building relationships between local sophisticated traders so they can share their experience and work on new strategies.
Discussing the elephant in the room
After Singapore, Hong Kong, a vibrant fintech hub, became Huobi’s second destination. A slew of high-profile cryptocurrency investors were united by the Huobi event, and (to no one’s surprise) the crypto industry became the main topic of their discussion.
Numerous experts shared their predictions for 2019. Li Huo, who serves as the managing director at Huobi Capital, is optimistic about the upcoming year. He doesn’t deny the frontloaded success of cryptocurrencies (Bitcoin lost more than 75 percent since its peak last year). On the flip side, there is more public awareness about the crypto space, Huo states. Moreover, regulations are one of the hottest topics in the current crypto space, and Blockchain, the technology that underpins Bitcoin, is being utilized by many industries. All these factors will solidify the mainstream status of crypto in 2019.
Beyond the bear talks
Of course, the participants of Prestige Investor events also touched a wide range of other tangible topics. For instance, they discussed OTC being much larger than Bitcoin exchange volumes. On top of that, they explored many issues of the derivatives market, such as how smart contracts could facilitate decentralized derivatives.