New crypto exchange to be launched by former Huobi and NYSE executive

Mattie Hesen

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The former CTO of the Huobi digital asset trading platform is preparing to launch his own crypto trading platform before 2018 ends.

The former CTO of Singapore based Huobi is about to launch his own crypto trading platform before the end of the year.

According to Businesswire, BHEX which is scheduled to launch at the end of this week has raised $15 million in its equity from elite institutions such as Huobi and OKEx. The token round has drawn in over 70 token funds and 40 institutions. Despite the current bear market, it looks like there are still successful crypto entrepreneurs such as the platform’s founder, James Ju (Ju Jianhua).

Ju is a senior blockchain technology expert and he was the team leader for upgrading and rebuilding Huobi’s cryptocurrency system. His involvement helped Huobi become one of the top exchanges in the world based on trade volume.

After his Huobi project, he became the Vice President of Technology for NYSE listed X Financial. At the start of this year he founded Blue Helix, a company that’s working to create a new custody and clearing trading system for digital assets.

Tyler WU, the BHEX current global managing director, was also a member of the Huobi team where he was also a managing director in Singapore. The press release states that:

“BHEX core founding members come from first-tier technology and financial companies including Google, Alibaba, Tencent, Baidu, Barclays Capital, and Société Générale with talents in finance, blockchain and technology industry.”

BHEX is marketing itself as the next generation digital asset trading platform. The exchange is powered by the decentralized asset custody and clearing technology developed by Helix. The exchange will provide crypto-to-crypto trading, as well as fiat pairs and OTC options. Based on the current website of the platform it looks like trading in Yuan (CNY) is already available which would make a great option for Chinese traders that are not allowed to trade within their country’s borders.

In the official press release, James Ju also added:

“Bluehelix technology will be an open source project after it has been completely developed. With Bluehelix technology, BHEX is able to construct an independent asset custody and clearing platform that is completely managed by the community. SaaS open platform product, BHOP, is also developed to utilize its own core trading technology.”

BHEX’s ‘Super Guild’ community provides members a learning ecosystem similar to Binance where they can earn loyalty bonuses.