Huobi Group expands yet again, this time at San Francisco’s Blockchain Week

From the 5th until the 12th of October 2018, San Francisco was the place to be if you are part of the interesting world of blockchain and cryptocurrency. Major players from the cryptocurrency industry gave an act de presence at San Francisco’s Blockchain Week or SFBW for short.

One of the key players attending SFBW was Huobi Group. As the financial hub of digital assets, Huobi Group provides its users reliable and secure digital asset trading and asset management services. They have millions of customers worldwide. Huobi Group is known by the public as the parent company of digital asset exchanges Huobi Global and Huobi NEXT.

Huobi Group started the year with big expansion plans and during the year more and more new initiatives were announced. In January 2018 Huobi launched its own cryptocurrency token called Huobi Token. In June of this year, Huobi announced building its own blockchain which will be part of their new Decentralized Autonomous Organization (DAO). In July Huobi group started digital asset exchange Huobi Australia, which allows for fiat to crypto trading.

To expand their business and further grow in the U.S., Huobi Group sent out a special delegation of their highest-level employees to SFBW to organize various events and interact with other industry professionals.

Huobi organized three events, namely: Blockchain Cocktail Night with JLab, a pitch event called Token Foundry and a Silicon Valley meetup with Danhua Capital. The events were a perfect opportunity for Huobi Group and Huobi Fund (the investment arm of the company) to meet valuable new projects from the U.S. and talk about possible collaborations.

➡️ Blockchain Cocktail Night was held on the 9th of October and featured a Keynote speech from Electronic Cash inventor and Elixxir founder David Chaum. The event appeared to be a success, judging by this tweet from Huobi Global:

➡️ Token Foundry took place on the 10th and had a variety of professional investors and blockchain experts in the team of judges. Aspiring projects got a chance to pitch their ideas. The event had 3 blockchain and crypto entrepreneurs talk about their experiences and 7 new projects pitched their ideas.

➡️ The final event of the Huobi Group San Francisco Blockchain Week Program was the Sillicon Valley meetup with Danhua Capital on the 11th at Stanford University. Professor Zhang Shoucheng of Stanford delivered a keynote speech. The panel discussions were moderated by CoinDesk journalist Leigh Cuen.

Concluding remarks

Huobi’s recent trip to the U.S. fits in line with its expansion plans. They are increasing their presence in the industry. Huobi was already one of the biggest professional players but they are certainly staying on top amongst other industry leaders like Binance and Coinbase.

A lot of connections for potential future investments were made. Two American blockchain projects that I am personally very excited about are Thunder Core and Kambria. It would be great if a collaboration between Huobi and either of these projects could get established.

Thunder Core is proposing a scalable blockchain solution while Kambria is creating an open innovation blockchain that allows for collaboration between developers, backers, users and manufacturers in the robotics and AI industry.

Disclaimer: This article is not intended as investment advice. It is just my personal opinion about digital asset exchange Huobi Global and Huobi NEXT. You should always do your own research. Huobi Global rewards me for writing this article and supports me for ventilating my own personal opinion.

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LindaCrypto