Huobi began to suppress tens of millions of Chinese users in China and to rethink its internal design.

On December 14 and 15, Huobi will be arrested and released to consumers in mainland China, respectively. The significance of Huobi's retirement has arrived. Huobi will end OTC trading in the RMB on December 31st. Meanwhile, Huobi Global Parking Lot in the Chinese market is completely closed.

By 2020, Huobi has announced that it will have 15 million users. Excluding some of this false information, considering the percentage of users in China, this deletion amounts to at least a few million dollars, which is extremely rare in the history of trading with the crypto industry. Huobi Factsheet: 80% of the 15 million users and 150,000 overseas users daily are questionable, and more than 50% support organizations.

What sets Huobi apart, Wu says, is that he used the idea of ​​taking everything out and deciding which one to leave the small room for, and the key inside was that "no one can fire the job."One important thing is that even though users are using registered external sites, they are still not allowed if the primary names / beneficiaries are Mainland China.

Huobi Retirement all have a relationship with Chinese founder Li Linshen. On October 6, Li Lin said that she did not want to travel. Her family and children live in the countryside. The family has no desire to travel. "I know that in Shanxi only a family can do many months. Don't get by without us." "Without Huobi, everyone would have Binance, and I'm sorry if that bothers everyone."

Huobi hopes this model will be similar to Bybit, shutting down all users in China and doing everything possible to enter overseas markets. The difference, however, is that Bybit was building the house in the midst of its overseas expansion, and then stopped building construction. to start.

At the same time, the main leaders of Huobi are undergoing a major transformation. After Li Lin and COO Zhu Jiawei returned from Shanxi, Zhu Jiawei gradually resigned from the administration, and key staff members also resigned. Some employees were involved in the development of Bybit, and some decided to start their own business. Former Huobi World Station CEO Qi Ye is expected to step down, and Cao Fei, director of the Huobi mining pool, has resigned. Ciara's CEO also announced his position. The figure (not all) of the governance model, released in 2020, has undergone major changes.

Huobi's senior leadership formed a decision-making committee based on Li Lin and served as a former CTO, supported by Du (mayor's official, etc.) and Lan (end-official, etc.). decision committee. Currently, in foreign trade, Huobi mainly focuses on emerging markets such as Southeast Asia, Turkey, Russia and Africa, and has gathered millions of users.