If you’ve heard of James Ju, you will most likely know him as the former Chief Technical Officer at the popular crypto exchange, Huobi. Entrepreneurs like Ju aren’t shy when it comes to the current state of the cryptocurrency market so much so that he has rounded up a gang of investors to fund his latest project of opening up another crypto exchange.

The former Huobi employee recently announced that he would be launching his own cryptocurrency exchange by the end of the year which will be called BHEX and has already raised $15 million in equity from numerous institutions such as Ju’s former places of work, Huobi and OKEx. the exchange also ran a token round which brought in a lot of high profile funds including, DFund, BlockVC, Genesis Capital and DHVC.

As it says in the announcements press release, the founding members of the crypto trading platform BHEX bring in extensive experience from “first-tier technology and financial companies” which include Alibaba, Google and more.

The entrepreneur explained that the Blue Helix technology would be open-source following the completion of the development. With such technology, BHEX will be able to create a community-managed custody and clearing managed system.

As reported by CCN:

“BHEX is touted as a next-generation digital asset trading platform, which would be powered by the decentralized asset custody and clearing technology developed by Blue Helix, a company Ju also controls.”

Also, the exchange has offices in the United Kingdom, United States and in Singapore.

Crytpo-to-crypto will be provided on the digital asset trading platform as well as over the counter options and pairs of traditional currencies. Also available will be a fiat to crypto option in Yuan which is seen as a huge advantage to Chinese crypto enthusiasts who are prevented from trading with the border of the nation.

During his time at Huobi, Ju was key in the redesign and upgrade of Huobi’s crypto trading system and made it easier to use for many traders. He also propelled the exchange to the world’s biggest exchange by trading volume. In addition to this, Ju propelled the exchange to be the world's biggest platform by trading volume.

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