• Huobi will give away tickets to space as part of its 8th anniversary celebration

  • According to a company announcement, Huobi Group is celebrating its eighth anniversary with a slew of events and giveaways, including a space trip “to the outer perimeters of Earth,” as well as a focus on expanding its global footprint.

    Huobi, which was founded in China in 2013, has prioritized global expansion as it closes its cryptocurrency business for users in mainland China following the country’s latest crypto crackdown.

    Huobi’s exit from China will have a significant impact on revenue in the short term, but the company claims that its business outside of China already accounts for 70% of trading volumes, with that proportion increasing. As part of its global expansion strategy, the company has targeted emerging markets such as Brazil and Turkey, and it intends to increase its employee count from 2,300 to 3,000 by the end of the year.

    “The blockchain and cryptocurrency industry is rapidly evolving, and I expect to see new cutting-edge developments emerge alongside it,” said Du Jun, co-founder of Huobi Group. “We will continue to expand our global footprint in order to introduce innovative products and localized services in the future.”

    Huobi Group, which was founded in 2013, has since expanded into public blockchains, digital asset trading, wallets, mining pools, as well as digital asset research and investments. According to the company, it has invested in over 60 blockchain companies.

    Huobi Group announced the launch of its non-fungible token (NFT) marketplace earlier this week, allowing users to purchase NFT artworks, collectibles, and other digital items. The NFT marketplace, according to the company, is a key milestone in its metaverse strategy, which also includes Huobi Ventures’ recent launch of a US$10 million GameFi fund.

    On November 8, Huobi Group will host its annual online industry forum “Huobi Summit 2021: Blockchain and Beyond.” Former US Federal Reserve Chair Alan Greenspan will speak at this year’s event.

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