Cryptocurrency exchange Huobi announced Monday that a senior executive from China-based firm Meitu was hired to lead their new US partner.
According to the announcement, Frank Fu, formerly Meitu’s managing director for corporate development, joins the new US exchange as CEO. He will manage the exchange’s operations and oversee HBUS’ technology development.
Fu’s appointment happens at a time when Huobi is moving toward formally launching their services in the US. The firm has registered as a money services business with the US Financial Crimes Enforcement Network on March 21st, in anticipation of its launch of trading services next month.
Fu’s new post as CEO is not his foray into the cryptocurrency sphere. In April of this year, Fu invested $2 Million in a blockchain-based sports game called MyDFS. He was appointed as an adviser to the project as well.
He is not the first Meitu executive who has shown interest in cryptocurrency. In an interview with cryptocurrency-focused media outlet CoinDesk, Cai Wensheng, the founder and chairman of Meitu, says he achieved his goal of amassing 10,000 bitcoin in the first quarter of this year.