HBUS Appoints Tech And Finance Savant Oren Blonstein As VP Of Product And Technology


HBUS Appoints Technology And Financial Services Veteran Oren Blonstein As VP Of Product And Technology

Technology and Financial Services Veteran Oren Blonstein has been announced as the new Vice president of Product and Technology by HBUS, the operator of the United States -based crypto exchange Huobi.com. The latest development was revealed by the company on May 7. Blonstein will be joining the exchange after gaining a lot of experience at trading technology providers Tora and Caspian in a sojourn that lasted 13 years, and almost 20 years in product management and financial services more broadly.

A Wealth Of Experience

At Tora, Blonstein role greatly involved spearheading teams through major phases of growth- which includes investments from some of the big companies like Goldman Sachs and Bank of America Merill Lynch- and was also involved in working to drive global expansion and the launch of brand new institutional trading products.

Huobi is one of the leading crypto exchanges in the world, at the press time, the exchange is ranked 118th globally, seeing $3.2 million in trades over the past 24 hours.

Effective Collaboration

In other to evade the proliferating nature of the cryptocurrency sector in countries that allowed cryptocurrency, Huobi decided to launch their own strategy for growth by partnering with local exchanges and splitting the revenue.

Bitcoin Exchange Guide reported in April that 150 platforms under the Huobi cloud platform will be joined by the HIZA exchange in May.

The Senior business director of the Huobi group David Chen revealed that there are about 80 partnerships being planned by the exchange. He stressed further that the Huobi cloud platform is planning to create more business when the market is more matured.

Furthermore, the senior business director revealed that this method of expansion in the market is solely done by Huobi Binance and Bittrex while stressing that similar exchanges are working to create subsidiaries that remain independent of each other in some areas with emerging markets, which includes the East African country of Uganda.

Huobi first launched its marketplace under the name of HBUS in June 2018 as a strategic partner of the larger Huobi Group, which are the operators of the Huobi Global crypto exchange, currently ranked 19th by daily adjusted volume globally.

Who Is Oren Blonstein?

The new Huobi Vice President of Product and technology is a veteran in both the management and the technology world. Oren joined TORA in 2016 and served as Managing director in the San Francisco based office. Blostein leverages his 17 years of product management experience in his role as head of product for all TORA’s software product lines, and also managed TORA’s global support team.

Throughout his stay at TORA, Blostein worked in a variety of roles and helped to onboard hundreds of TORA’s clients, brokers and fintech partners.

He is a graduate of the Trinity University in San Antonio, Texas with a B.A and has completed courses as part of Stanford University’s Advanced Project Management Program.

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