Huobi Strategizes Market Penetration into Vietnam Rapidly Growing Blockchain Market

Huobi Strategizes Market Penetration into Vietnam Rapidly Growing Blockchain Market

HO CHI MINH, Vietnam–28 May–PRNewswire/InfoQuest

Huobi.Pro, the leading global digital asset exchange, which saw a cumulative annual turnover of US$850-billion in 2017, announced its grand strategy to tackle the Vietnamese market during their keynote speech at Blockchain Festival Vietnam.

Frank Fan, strategic investment director of Huobi said, “Huobi.Pro intends to make Vietnam one of its ‘Strategic Fortress’, a location that has an unassailable lead in terms of market penetration. Huobi.Pro indicated its preference to collaborate with Vietnamese strategic partners with capabilities in regulation, banking and marketing.”

During the keynote speech, Huobi.Pro also identified the landscape of Vietnamese fiat-digital assets service is nascent in Vietnam. The digital assets regulation in Vietnam remains stern and cautious. However, the local government has indicated that clearer regulations will be on the way, which makes doing business less complicated and more straightforward. Huobi has announced its willingness to comply with digital asset regulation and actively seek to collaborate with strategic partners and relevant stakeholders.

Location advantage, homogenous culture, population and economics, and digital infrastructure were all mentioned to be prime factors in the determination of Huobi Strategy in Vietnam.

More important, Hubery Yuan, Dean of Huobi research, released 2018 1H Global Blockchain Industry Developments Report.

ABOUT HUOBI GLOBAL

Huobi Group, established in 2013, is the leading global Blockchain asset financial service provider. Headquartered in Singapore, Huobi Group has operations across the entire Blockchain value chain creating a formidable ecosystem which complements one another, which includes: Huobi Pro, HADAX, Huobi Research, Huobi Capital, Huobi Labs, Huobi Mining Pool and Huobi Ecosystem. At the end of 2017, the cumulative trading volume of Huobi Pro amounted to US$850 billion.

Huobi Pro is one of the leading digital asset exchange globally. Through its platform, Huobi Pro offers cryptocurrency traders worldwide access to more than 100 digital assets. In addition, Huobi Pro’s OTC platform provides a transparent and highly reliable third-party escrow platform for global users with digital assets to conduct their trading activities between fiat and cryptocurrencies. Underpinned by world class security and risk control systems, it is one of safest exchanges in the market today. Huobi Pro is also proud to be the first cryptocurrency exchange that provides 24/7 customer service. For more information: https://www.huobi.pro/