The new name is composed of the letters “火” and “必” in Chinese. The first one in Chinese culture stands for enduring energy and transmitting this vigor to subsequent generations. The second one signifies its desire to rank among the top three exchanges in the sector, which implies a commitment to winning.
In addition, the business will emphasize strengthening communities established around projects and developing cutting-edge resources, and sustaining assets with significant market prospects. Huobi will work to provide a more secure and reliable ecosystem for users to take part in high-quality early-stage initiatives, following the philosophy of leveraging innovation and engineering for good.
Huobi will create a footprint in the Caribbean as part of its worldwide growth, an area that is well-suited as a center for virtual assets due to its friendly regulatory structure, common law legal structures, and English language usage.
Additionally, Huobi will increase its investments in Southeast Asia, Europe, and other markets that have a promising future for the expansion of its user base. Huobi will look at exploring smart acquisitions and mergers to grow its scope in line with its development. Furthermore, it will concentrate on hiring top-tier experts in blockchain and virtual assets. Huobi will keep up with regulatory rules everywhere it works in terms of compliance, boosting collaboration with other nations and developing a legal business model for conducting business internationally.