Huobi-backed Huibi Exchange Launched in the Philippines

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Huibi Exchange backed by Ya Tai International Holding Group and Huobi Cloud recently launched its platform on August 12, 2018 at the Manila Marriott Hotel. According to Ms. Barbie Tsai, Ya Tai International Holding Group COO and the Global Blockchain Application Research Foundation Secretary-General, the company chose Manila as its headquarters because of its vibrant and great market potential.

The exchange is said to have other functions than transactions and payments. It will also have asset management, matching transactions, and asset liquidation. Ms. Tsai also noted that it is centered on ”creating a more efficient finance and liberating the process of wealth-making.”

Aside from Ms. Barbie Tsai, also present was Pasay City Councilor Joey Calixto Isidro, Bases Conversion Development Authority DJ Bagatsing, Senior Deputy Administrator of CEZA Mr. Raymundo Roquero, and other government officials.

The exchange is based in the Southeast Asian Market. The site has a number of tokens listed such as BTC, BCH, ETH, LTC, ETC, EOS, ADA, XRP among others. Choosing ETH as your primary token will open a larger list of token such as QTUM, POWR, CMT.

Note: BitPinas was invited during the event but weren’t able to join because of the inclement weather that happened on the day of its launch (August 12, 2018 – Sunday). The team is still currently waiting for additional information from Huibi.

Source: PhilStar

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