[blochchain in SEA] The Exchange: Where To Go
256days ago


Time:12/05  18:00

Wechat group: BlockChain-in-SEA

Guest: Changyuan Ren, Founder of FuBT , Hong kong

Host: Andy Zheng, CEO, Beecast



Andy Zheng: Good evening, everyone! I am Beecast CEO Andy Zheng.

Welcome to the leading blockchain community media [Beecast] and join us with 5000+ communities & 1000000+ Beecasters in [Blockchain in SEA] to discuss blockchain technology and industry development.

This the Phase 5, Topic: The Exchange: Where To Go.

Guest: Changyuan Ren.

Changyuan Ren, Founder of FuBT Exchange, Hong Kong. FuBT Exchange is committed to build the world's leading cryptocurrency trading service platform. FuBT always adheres to a forward-looking layout, international expansion, market-oriented operation, taking exploring the value of high-quality digital assets as a guide, enhancing technology, capital, industrial convergence as a link, and promoting the application of blockchain technology transformation as the goal. Deep service to global digital asset developers and users, build industry system that is integrity, justice, compliance, efficiency and keeping up with the times.  


Andy Zheng: Mr. Ren, please make a brief profile of yourself and your experience. Why did you enter the blockchain industry and set up the FuBT Exchange?

Mr. Ren: Some BTC reports were coincidentally seen by me on CCTV News in 2013, when the news were positive and encouraging. In the afternoon, I found some second-hand mining rigs on the market network. The next day, I drove to Xuchang and bought two Avalon mining rigs at a price of 15000 each.

At first, I could mining 0.09 BTC a day and mining a BTC in almost 10 days. Each BTC was worth 3000 yuan at that time, which meant that two months to earn the cost, the next few months, I started buying mining rigs crazily. Ant mining rigs became more and more popular with low energy consumption and quiet, and I knew about garden mining rigs, butterfly mining rigs and so on. I also established a small mine in the Central Plains.

After 2014, I entered the bear market for two years, one after another to do other physical industries: driving schools, building materials, gas and so on. Finding that the physical sector is getting harder to do, most of the profits are being spent on costs, connections, taxes, and so on, I was back in the cyptocurrency industry in 2016 as the market warms up. After a year of planning, I finally decided to open own exchange in early 2017.

At that time, I analyzed that in the short term, exchanges are the top level of the food chain in the blockchain industry, to do this we have to choose the right direction and set our goals, and the rest is to implement our own plan step by step. At the same time, I also felt that the copycat coin exchanges are generally not professional and not large, there is a lot of room for growth. However, after doing it, I found it is difficult to do a good exchange, but I also enjoy it. Because I like this profession and my job.


Andy Zheng: Would you please tell us about the FuBT exchange you set up and the current general operating conditions?

Mr. Ren: More than 150 transaction pairs are currently active on FuBT, and at least 10 new projects are launched every month (3-5 are initial). FuBT ecology also gradually built: FuBT capital, FuBT exchange, FuBT media, coin cloud.

The amount of all office workers and partners have exceeded 100, 50% for technical research and development personnel. Two big businesses for FuBT: premium project rollout and coin cloud. The coin cloud is a cloud exchange that reduces the cost of opening an exchange to a very low level. in the near future, migration cloud for small and medium-sized exchanges is an important market that provides a full range of technical services for start-up exchanges.

Andy Zheng: Mr. Ren, is cloud exchange the alliance of multiple exchanges? All exchanges share trading depth?

Mr. Ren: Yeah, it's not just that.


Andy Zheng: What do you think the exchange should pay attention to in terms of operational thinking and specific work to ensure healthy operation? What is the most important role of exchanges in the development of the whole blockchain ecology?

Mr. Ren: In terms of technology, data security must be guaranteed, followed by the security of assets, so to have strong technical support, operational team execution must be strong. As for the operational thinking, different people have different ideas. To operate a good trading platform, CEO must not only has strong management skills, but also has perseverance and faith in the industry.

For the development of the whole blockchain ecology, the exchange should do its part and position well: third party service. Provide users with a secure trading environment and should not participate in the operation of any project. Guard the last door for the development of the industry. I have often said that the strong point of Fubitt is to be a professional exchange, and the disadvantage is to be an exchange only. The first, do not fry the coin, the second, do not participate in the projects.


Andy Zheng: Recently, the cryptocurrency market continues to be depressed, as you know, how is the current situation of the entire cryptocurrency exchange market? What are the competitive advantages of FuBT?

Mr. Ren: This year the exchange is in a blowout situation, but also last year's bull market inertia performance, following trend is serious . Have seen the scenery of the exchange, do not know behind the sad entrepreneurs. At present, only 1% of the exchanges are still in operation. Of the 1%, 1% is still active, 99% are relatively depressed. Well, in the current market, the exchange serves as a hub for everyone, I think it is not precise and detailed enough. Although there are a lot of exchanges, most of them are no longer maintained. I think the relatively good exchanges need a change and subversion now. The former pattern has been too much solidified, and now many new exchanges still have a lot of room for performance, from the tens of thousands of exchanges to reflect some good exchanges, which will certainly stand out in the subdivision.

Andy Zheng: This situation can also appeared in blockchain media, which get up a lot in 2017, but now there is a lot of silence.

Mr. Ren: Yes, that's what the market does. The market adjusts itself.

Our competitive advantage is operational thinking, tactical play and internal incentives, in which we offer to serve the project, focusing on service rather than service fee, and many exchanges do nothing with the money they charge. We should be the nanny of the project side, we know exactly what they need, and we can be recognized by the market as long as finding the right demand, meeting the demand.


Andy Zheng: Is there any new business in FuBT in the near future? What is the future development plan?

Mr. Ren: For the time being, we are still focusing on overseas projects. Because there were many negative issues of projects in China last year, we are more cautious in the screening of the projects that offering coin. At present, the first project we have set up to invest in is the coin cloud. We also have some deep cooperation with GBLS. We hope that through the precipitation and development of the platform, there will be some good institutions, and we choose some good enterprises together, especially some local blockchain enterprises in Henan. If we are overseas, now, especially in the Middle East, South Korea and Southeast Asian countries, there are some layouts. Cambodia also has offices, radiation surrounding Vietnam, Thailand's and other more open Southeast Asian countries to carry out business. At the technical level, we have also absorbed more technical talents this year. Some of the elite who have returned from large companies, we are planning to test the strength in the bear market. In December or January of next year, we will launch a national tour of 2019. Together, we will send out the voice of Henan. In the bear market, we will be able to sink our minds, focus on the blockchain technology itself, and do some sermon and popularization work. Go down and do something serious, go deep into the third and fourth tier cities, and do some educational work.


Andy Zheng: What is the development situation of Southeast Asia's cryptocurrency trading market? What are the characteristics compared with other countries and regions?

Mr. Ren: Southeast Asian countries are at a disadvantage in the previous technological changes, they are also actively seeking a breakthrough in the blockchain, generally speaking, relatively open. They have just known this concept, and there is still a lot of room for imagination and exercise, and I am very optimistic about the Southeast Asian market.


Andy Zheng: With the sharp rise and fall of the cryptocurrency market, countries on the digital currency policies continue to come out, do you think how the exchange is affected by policy in the process? How to deal with the operational risks arising from policy changes?

Mr. Ren: First of all, we should understand the policy correctly. All policies are the process of perfecting the rules of the game, and are also the necessary factors for the industry to gradually standardize. No matter what industry, must stand in the historical view angle to practice. I think doing more things that are good for the development of the industry, not evil, no harm to anyone. The general direction of the blockchain is not wrong, the industry is not wrong, the fault is on some bad practitioners, they do not have faith, no fear of heart, drain the pond to catch all the fish, destructive excessive "reclamation" and overdraft credit. For compliance platforms, dealing with policy risks is about being yourself well, complying with the policies of any sovereign state and actively cooperating with local laws and regulations.


Andy Zheng: As a senior preacher in the blockchain field, you may have come into contact with a lot of people in the industry. Are there anyone you admire, and why? Beecast currently covers 250 cities in 15 countries, 5,000 community nodes, 1 million users , and hope to invite more big names to [Blockchain in SEA] to share the blockchain, promoting the development of the industry. If Mr. Ren introduces one or two guests to be interviewed, who would you recommend to Beecast to share?

Mr. Ren: Haha, this is an interesting question. Only with the strong people, except for the early veterans of the industry, they are all heroes. I admire Mr. Shi Yanqiang, founder of Block Technology, not only because he is a native of my hometown, but more importantly, he is not self-satisfied, but actively seeking overseas development and financing, the expansion, the big movement frequently. He is humble and work steadfastly and enterprising with pattern, foresight.

At the same time, I will invite Mr. Shang Xiaopeng, the head of BTC123, and Mr. Wang Zhongming, founder of BTC798, who to me are also teachers and friends, as well as the first group of industry pioneers and promoters, and history will remember them.


Q & A

Q1: Can Mr. Ren give some suggestions to a new people who is just involved in blockchain industry?

Mr. Ren: Many people say that there are plenty of opportunities in the blockchain industry, but when they come in, they find that there is left with nothing whatsoever, and they start to wonder. Therefore, I suggest that the new more precipitation, focus, adhere to. More opportunities is equal to no opportunities.


Q2: What do you think of the stable coin? This time, the decline is undoubtedly a benefit to the stable coin, but many of the stable coins are issued by themselves without endorsement. In fact, usdt is also one of them, but it is relatively early. Would a stable coin be a bomb, because now, without any regulation, without supervision and endorsement, so many stable coins have come out, and it is no doubt a danger signal.

Mr. Ren: Yes this is one of my worries, the next big profit is likely to be the stable coin. However, do not worry , the market has self-healing and regulatory role. At the same time, it also calls on all practitioners to keep the last piece of the Pure Land of the stable coin.


Mr. Ren: Thank Beecast. Thanks for the planner and staff. Thank you for listening.

[blochchain in SEA] 交易所:敢问路在何方


对话时间:2018 年 12 05日  18:00






东南亚Beecast CEO


郑西平:各位Beecaster,大家晚上好!我是东南亚Beecast CEO郑西平。

欢迎大家来到领先的区块链社群媒体【Beecast】,与5000+社群1000000+Beecasters一起参与【Blockchain in SEA】节目,探讨区块链技术与行业发展。本期是Beecast【Blockchain in SEA】第5期,主题:交易所:敢问路在何方。




郑西平:  任总可以向大家介绍一下自己以及您的从业经历,您当初是缘何进入区块链行业并创办富比特交易所的?






郑西平:  请您向大家介绍一下您所创办的富比特交易所,以及目前的大致运营状况。



郑西平:  任总,云交易所,是多个交易所的联盟么?所有的交易所共享交易深度?



郑西平:  您认为,从运营思路和具体工作来讲,交易所要保证稳健运营应注意哪些方面?对于整个区块链生态的发展,交易所扮演的角色或者说最大的作用是什么?




郑西平:  近期,加密货币行情持续低迷,据您了解,整个加密货币交易所市场的现状如何?富比特有哪些突显竞争优势?


郑西平:  这种情况,也出现于区块链的媒体,2017年起来一大堆,不过现在沉寂的也一大堆




郑西平:  富比特近期有没有业务上的新动作?未来的发展规划是怎样的?



郑西平:  任总所了解的东南亚数字货币交易市场的发展状况如何?相比其他国家和地区有哪些特点?



郑西平:  随着加密货币行情的陡升陡降,各国关于数字货币的相关政策不断出台,您认为在这个过程中交易所主要会受到政策怎样的影响?如何应对因为政策变动所带来的运营风险?



郑西平:  任总作为资深的区块链领域布道者,应该接触过很多行业内人士,其中是否有您欣赏和佩服的从业者,为什么?Beecast目前覆盖15个国家250个城市、5000个社群节点、用户100万+,希望通过[Blockchain in SEA]邀请更多的大咖来社群分享区块链,以推动整个行业进一步的发展,如果任总引荐一到两位嘉宾,您会引荐谁来做客Beecast进行分享?












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