As one of China’s “big three” bitcoin exchanges, Huobi (huobi.com) has been responsible for processing a significant chunk of trading volume, particularly as of late. With over 90% of BTC trading conducted with Chinese Yuan (CNY), the Beijing-based exchange is undoubtedly an important player in the Bitcoin economy.
Also read: Bitcoin’s Next Adoption Phase Imminent as Public Interest Surges
Interview with Huobi CEO, Leon Li
Bitcoin.com spoke with Huobi CEO, Leon Li, on Bitcoin’s rising price, the impact of fee-free trading on overall trading volume, and updates regarding China’s stance on Bitcoin as well as the China’s central bank’s (PBoC) own digital currency plans.
Bitcoin.com (BC): What do you attribute the recent upward Bitcoin price momentum to?
Leon Li (LL): I personally think there are three reasons. First, Bitcoin’s underlying blockchain technology, has became one of the hot technology engines researched by financial giants in the world, this rises investors confidence. The European Central Bank, top 50 global banks, the US Department of Defense and China’s