It would seem that tech entrepreneurs like James Ju aren’t put off by the current state of the cryptocurrency market, so much so that he has rounded up a group of investors to fund his latest venture of opening a crypto exchange.
Ju, who worked as the Chief Technical Officer at Huobi, recently announced that he would be launching a cryptocurrency exchange by the end the year. The exchange, which will be called BHEX, raised $15 million in equity from a wide array of institutions (such as OKEx and Huobi, Ju’s former employers). The exchange also ran a token round, which attracted high profile funds including DHVC, Dfund, BlockVC and Genesis Capital.
According to its press release, the founding members of the crypto trading platform BHEX bring extensive experience from “first-tier technology and financial companies” including Google, Alibaba, and others.