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It would seem that tech entrepreneurs like James Ju are not discouraged by the current state of the cryptocurrency market, so much so that he has badembled a group of investors to finance his latest venture to open a cryptographic exchange .
Ju, who held the position of technical director at Huobi, recently announced that he would launch a cryptocurrency exchange by the end of the year. The exchange, which will be called BHEX, has raised $ 15 million in equity from a wide range of institutions (such as OKEx and Huobi, Ju's former employers). The stock market also held a symbolic round, which attracted top-notch funds including DHVC, Dfund, BlockVC and Genesis Capital.
According to its press release, the founding members of the BHEX crypto-trading platform bring extensive experience of "leading technology and financial companies" including Google, Alibaba and others.
Ju explained that Blue Helix technology would be open source once development is complete. With this technology, BHEX will be able to create a Managed Management and Clearance System.
BHEX is presented as a next-generation digital badet trading platform, powered by the decentralized badet-tracking and badet-clearing technology developed by Blue Helix, a company also under control. The stock exchange is establishing offices in Singapore, the United Kingdom and the United States.
The digital badet platform will offer crypto to crypto trading, as well as OTC options and currency pairs. The Fiat option for crypto in yuan (CNY) will be available, which is considered a major advantage for Chinese crypto enthusiasts who are banned from trading within their country's borders.
A former executive at Huobi, Ju has been instrumental in overhauling and upgrading Huobi's cryptography system, simplifying processes and making it easier for traders to use, pushing the stock market to the largest stock exchange in the world. world, in volume. Upon leaving Huobi, Ju was hired as vice president of technology at X Financial, a financial services provider listed on the New York Stock Exchange. Not content with his achievements in the cryptography industry, Ju left X Financial to create Blue Helix, a cryptography-based company that aimed to develop a new digital badet retention and trading system.
Ju's team at Huobi also included Tyler Wu, the current managing director at BHEX. At Huobi, Wu held the position of general manager of the company in Singapore.
Selected image of Shutterstock.
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