Digital currency trading platform established in the Philippines

Digital currency trading platform established in the Philippines
Photo shows directors of Huibi Network and Yatai International Holding Group, with partners and guests from the Philippine government.

MANILA, Philippines — Aimed to be a currency trading platform that provides users with safe and compliant digital asset financial services, the Huibi Exchange was launched at a press conference held at the Manila Marriott Hotel in Pasay City last August 12. 

The Huibi Exchange is the first national cooperation of Huibi Network in the world market. It is also a vital and strategic way of providing a one-stop exchange service for the Huobi Cloud (the coin used Huibi exchange).

Pasay City Councilor Joey Calixto Isidro, and Ya Tai International Holding Group COO and Global Blockchain Application Research Foundation Secretary General Barbie Tsai delivered the welcome remarks.

Tsai formally marked the establishment of Huibi Exchange and stressed that they chose Manila as the site of its headquarters due to the country’s vibrant and great market potential. The exchange, she continued, is centered on “creating a more efficient finance and liberating the process of wealth-making.”

The core members of the Huibi Exchange Team have graduated from famous universities around the world and have worked in Fortune 500 companies. Investor partners come from top-tier exchanges such as Huobi, 6x and other similarly top-tier groups in Southeast Asia. They currently have operations and promotion centers in China, Thailand and Taiwan besides the Philippines.

Tsai also stressed that in addition to transactions and payments, the other main functions of the Huibi Exchange are asset management, matching transactions and asset liquidation. 

As the global digital money market continues to heat up, ways on how to protect the security of every digital asset in the digital world in the future, achieve fast-moving digital assets and maximize the value of digital assets will become the development direction of the Huibi Exchange. 

Based on the strong financial strength of the Ya Tai International Holding Group and the advanced technical solutions of the Huobi coin, the exchange will be in line with the expectations and missions of the company. 

Since Huibi Exchange is based in the Southeast Asian market, it will be serving global users and providing world-leading quality digital currency trading and investment services to reduce transaction risks. 

The exchange will also give the blockchain practitioner the opportunity to enjoy the huge benefits brought by the blockchain. At the same time, the currency exchange will actively guide and strengthen industry self-regulation to jointly create a healthy, orderly and transparent blockchain investment environment.

Important partners

Executives from Huibi Exchange's partners, Ya Tai International Holding Group Commercial Director Lu Yuman and Huobi Cloud Senior Commercial Director Chen Yuli, also gave their speeches. 

Yuman, introduced the company profile and its major projects. She also elaborated the current blockchain trend and revealed the future action of the Group in the blockchain field.

Ya Tai International Holding Group is a diversified and innovative multinational company that develops across the industry. The company is registered in Hong Kong, China, and is headquartered in Bangkok, Thailand. It was founded by Dylan She, who served as the legal representative of the group and chairman of the board of directors. 

The group focuses on the construction of various major projects and actively participates in social charity. Additionally, the group is engaged in technology research and development, urban infrastructure construction, real estate development, building and materials production, leisure and health care bases in China, the Philippines, Singapore, Cambodia, Vietnam, Thailand, Malaysia, Taiwan and Hong Kong. The group currently has a total asset of $3 billion.

The group's current key project is the construction, development and operation of the Ya Tai Special Economic Zone (Ya Tai City) in Karen State, Myanmar.

On July 20, Huibi Group officially released the global cloud strategy, seeking powerful partners to build exchanges around the world. Huobi Cloud coin provides one-stop technical support services and shares blockchain transactions with partners. At present, Huibi Network has confirmed four partners worldwide in their trillion-dollar-scale endeavor. Ya Tai International Holding Group is one of them. 

Discourse on blockchain technology

The Huibi exchange press conference bore great significance in facilitating global discourse on blockchain technology.

In the Q&A, a reporter asked the organizers about the decentralized and increasing exchanges on the market day by day, and the kind of market competitive advantage Huobi cloud can provide to the partners.

“Huobi, with years of experience in security operations, risk control, customer service experience and industry-leading technology, will provide complete one-stop technical support for the Huibi exchange, from system operation to customer growth, sharing five years of operational experience," Chen Yuli, global commercial director of Huobi Cloud, answered. 

The organizers also said setting up a Huibi Exchange in the Philippines is an important step for the Ya Tai International Holding Group to enter the digital asset financial services and improve the blockchain ecosystem.

Also present in the event were Bases Conversion Development Authority (BCDA) DJ Bagatsing; CEZA Senior Deputy Administrator Raymundo Roquero; Chair of the Committee on Banks and Intermediaries Representative of Lone District Eastern Samar, Hon. Ben Evardone; Chairman Committee of Economic Affairs, House of Representatives Hon. Arthur C. Yap; Subic Bay Metropolitan Authority (SBMA) Deputy Administrator Kenneth Lemuel Rementilla; former Assistant Secretary Department of Tourism Ricky Alegre; and other important government officials.

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