Huobi’s plans and predictions
Huobi, a leading digital assets exchange platform, is expanding into Eastern Europe setting up an office in Moscow, Russia. Along with creating local presence for the global company, Huobi seems to move well beyond just trading crypto. Huobi team in Russia will operate a call center, provide a range of consulting services and crypto mining solutions, and establish a whole new ecosystem to support local tech companies.
According to the roadmap that Huobi revealed at their presentation in Moscow, in Q4 2018 they plan to start providing educational and consulting services for the local companies, as well as advising them on investor relations.
Early in 2019 Huobi will offer services for miners in Russia including hardware solutions, and will open an office in Saint Petersburg, Russia’s second largest city. What’s more, their other aim for Q1 2019 is to arrange an accelerator for tech companies in Russia in cooperation with the local authorities.
Later in 2019, Huobi expects to introduce “mining hotels” in central Russia and establish a special fund to support innovative projects, with a another fund to provide them with insurance.
The presentation of the roadmap was followed by a report from Huobi’s legal partners exploring the details of the security token offering as an up and coming phenomenon, and how it is superior to the ICO model.
Houbi’s focus on mining suggests they still see it as a profitable business that has a good outlook in 2019.
The plans that Huobi has revealed have very strong implications both for going to market in Russia and serving as a prediction for the things to come in the crypto world in 2019.
