On the afternoon of the 9th, at the 2nd Global Blockchain Summit·Wuzhen site hosted by Babbitt, Bella Fang, founder of WBF Exchange, shared the theme in the forum “The Opportunities and Challenges of Digital Asset Trading”.
The following is the sharing content of Bella Fang, organized by Babbitt.
- Wuzhen • Tencent Blockchain Cai Weige: Application into the outbreak period, how to achieve the link from the chain to the chain?
- Ling listening to Wuzhen site | Do you like a wave or a big river? How to grasp the new opportunities of historical development of blockchain
- Be the first to see! World Blockchain Conference·Wuzhen 7 Highlights
- Li Bin, CEO of Wuzhen·International Cultural Chain: Opportunities and Reflections on Chinese Cultural Digital Asset Chain
- Wuzhen Hu Jie: Libra vs DCEP, one is a new bottle of new wine, and the other is a new bottle of old wine.
- Wuzhen·Policy is coming. Are you waiting to be acquired by BAT or become the blockchain native BAT?
I believe that everyone here can perceive that the global economy has become more and more digital. In China, the blockchain has become a household name and a hot topic of public opinion, an innovative technology.
WBF was established in Singapore in January 2019 and officially opened in June. It is currently operating in less than four months. I want to share our understanding of the blockchain, the exchange, and the achievements, present and future of the WBF exchange.
The exchange is a bank + Shanghai Stock Exchange + brokerage + securities registration company, the market of millions of dollars is opening
In 2016, Kevin Kelly said: "The future has come, but it has not yet become popular." Today, in 2019, everyone can perceive that the future has come and is already popular.
We believe that the blockchain has opened up a whole new digital civilization that has brought about earth-shaking changes in time, space, business logic and organization.
We divide the blockchain industry into four types, namely the financial sector, the application sector, the service sector and the technology sector.
In the past two or three years, we have invested in nearly 30 projects in 4 major sectors, with services, public chains, and education. This year, we focused on the first sector – finance, and focused on the exchange track.
why? We have defined 5 tracks for this section. Exchange, stability pass, digital wallet, digital banking, digital payment. Among them, the exchange is the top of the food chain.
According to Coinmarketcap data, by October 2019, there were 3048 kinds of encryption certificates in the world. The market value of encrypted certificates assets reached 246.3 billion US dollars, and the market value of bitcoin accounted for 67.30%. From 2017 to 2022, its compound annual growth rate will be 42.8%.
For the exchange, from the global TOP10 exchange data, a multi-billion dollar market is opening.
We believe that digital asset exchanges have traditional Internet attributes and financial attributes. What is the nature of Internet attributes is traffic. What is the nature of financial attributes is cash flow. The function of the exchange is equivalent to the bank + Shanghai Stock Exchange + brokerage + securities registration company.
In such a section, we come to the conclusion that a new era in the blockchain, the exchange is the "Newport Harbor" of the future world. Using blockchain technology + traditional finance, we can become the future world of Newport, New York, London and Hong Kong. This is our understanding of future trends.
Contract, spot, mining pool, troika to build an exchange product system
So how do we seize the market at this track?
WBF was established in Wall Street, New York in 2018. The China Operations Center was established in October 2018. The Singapore company was launched in January 2019. The APP was launched in March 2019. In May 2019, the number of users exceeded 350,000. Currently, there are 1.6 million registered users. Every day, 90,000 live, and the daily transaction volume is 1.2 million.
This data is very good for more than four months, but there is still a lot of room for growth. But with these results, our goal is to enter the first camp of the global exchange.
We set some goals for ourselves. For example, WBF currently has more than 170 trading pairs, and there are more than 3,000 digital assets in the world. We hope that when global digital asset users come to WBF for trading, they can log in with one click. Conduct the most popular currency transactions. We took the opportunity to select the global TOP300 digital currency assets to be launched on the WBF exchange. We want to be the most comprehensive exchange of digital assets in the world.
With users, with traffic, you definitely need more products. Therefore, our focus this year is to do a good job in the spot, to make the spot products deep and thorough, to the extreme. At the same time, we are also in the process of starting the development of the contract system, and we expect to go online in the first quarter of 2020. In addition, we are already in the layout of the mining pool, which will be launched on November 20. Contract, spot, mining pool, this is the troika of the WBF product system.
In the future, we will invest more time, energy and cost into financial derivatives development. The property of the exchange is the Internet, and the essence of the Internet is traffic. How do we build a traffic empire? I summarize it in five areas.
1. Offline activity. 2. Pulling new capabilities online. 3. Overseas operation capability. 4. Global ability to declare. 5, the community detonation ability.
We hope to be a 102-year company like Ali. We define it as a long-term exchange, and we must improve and improve every day.
We plan to focus on making trades for 200 people, and we insist on being the most focused and internationalized exchange. Stick to marathonism and don't care about a city. There are various voices in the blockchain industry, but we only have one sentence in our hearts: doing ourselves well, doing internal construction and product experience, and paying more attention to long-term development.
thank you all!