October 22nd, 2019 – BitMax.io, a leading global digital asset trading platform, celebrated its memorable first-year anniversary with many blockchain industry leaders, innovators and influencers from the globe in Beijing, China. With remarkable growth over last 14 months, the platform has clearly differentiated itself in a highly competitive industry with its deep thought leadership in financial market, distinctive token economics, rigorous product innovation, and reliable and quality client services.
Overall, more than 200 global blockchain and cryptocurrency experts, entrepreneurs, developers, investors and key opinion leaders attended celebration conference focusing on key drivers to sustainable advancement of blockchain technology and crypto industry – Innovation, Break-through and Collaboration. The productive conference included several enlightening keynote speeches and three in-depth panel discussion around concurrent topics such as “the Future of Crypto-exchanges”, “the Rise of Digital Asset Management” and “the Opportunities and Challenges of Blockchain.”
Ariel Ling, Co-founder and Chief Operating Officer of BitMax.io, gave an inspiring opening remark with many highlights from two-year adventure of her transitioning from 20-year successful Wall Street career to being an entrepreneur venturing into digital asset trading space. She shared her insightful thoughts about BitMax’s management principles and philosophy, comprehensive industry trend analysis, multi-year strategic plan for overall financial platform which BitMax is part of, and near-term business priorities in the current challenging market condition. She pointed out that “in the next couple months, the team will be working on 1) more product offering from OTC trading, fiat ramp-on, to futures trading, etc.; 2) acceleration of institutional client acquisition and supporting serice offering; 3) continuous effort in North America market pending the regulatory development.”
The Co-founder & CEO of BitMax.io, Dr. George Cao, hosted the first panel discussion. On the mission to raise the industry bar of digital asset trading platform, Dr. Cao and Ms. Ling founded the platform with a team of Wall Street quant trading veterans and have been leading the transformation ever since. The industry trailblazers who joined the panel discussion with Dr. Cao were Mr. HarryWan, Partner of MatrixPartners China, Mr. Hao Wang, Vice President of Sequoia Capital, Mr. Shuoji Zhou, Founder of FBG Capital, and Mr. Kaihao Ni, Partner of DFG Crypto.
As the founder of NGC Ventures, Mr. Tao Gu kicked off the next half of the event, sharing his experience and observation in digital asset allocation strategy. “Market sentiment (fear or greed) is reflected in token prices. With regard to outlook of the industry, Libra, Bakkt and Defi represents a positive; landing of public chain applications and Dapp represents a negative.”
Ms. Christina Jin, Chief Marketing Officer of UltrAlpha – an innovative digital asset management service platform, presented her speech. Christina said, “Currently there is a big market for digital asset management and there is still a lot of room for imagination in quantitative trading. We aim to bridge the gap and solve the inefficiency of communication between investors and trading teams.”
Mr. Christian Xu, as the representative of ETC – the strategic partner of this event, gave a keynote speech and introduced the difference between ETC and ETH. “First, ETC supports deflation policy, while ETH does not have cap on the amount of tokens; second, ETC does not have difficulty boom and still apply PoW consensus; from the perspective of hashrate, community and market cap, ETC is growing continuously. Vitalik once proposed to use ETC as a data layer to alleviate the network congestion problem, to increase the speed while lower the gas fee.”
The second panel discussion, The Rise of Digital Asset Management, was hosted by Han Liu, CEO of UltraAlpha, with industry experts including Yongmin Li, CEO of Red Blockchain; Zhimin Xu, Founder of 1 Token; Weiping Wu, General Partner of BVC GAIA; Zheng Ren, Partner of Consensus Lab; and Li Huo, CEO of LMT.
Han Liu pointed out, “With more institutional players entering, the crypto market is getting more competitive at a cost of the profitability of retail investors who in comparison lack the know-how of sophisticated trading strategies. As a result, the cost of hiring asset managers is becoming more justifiable than ever. Asset managers who can demonstrate not only their trading skills but the abilities to combine that with transparent and rational risk control should find themselves rewarded among the rising opportunities.”
The third panel, “Opportunities and Challenges in the Blockchain Industry” was moderated by BitMax’s Global Head of Business Development, Shane Molidor. Joining the final panel were Ms. Mengxia Wu, Senior VP from Matrixport; Ms. Bingjie Huang from Fenbushi Capital; Ms. Chaowen Li, Marketing Director at Harmony; Co-founder at InfPool, Rudy Lu; and Content Director at Stake.Fish, Mr.Hongda Luo.
Molidor noted: “A lack of metrics and heuristic signals has made estimating the fair value of many digital assets notoriously difficult. Projects that can showcase clear linkage between their asset’s utility, a revenue-generating business model, and secondary market price action are those that will emerge strongest from the current bear market.”
The last keynote speech was from Mr. Yao Li, Vice President at Cobo. Li stated that “The Competition between next-generation crypto exchanges would be between compliance, security and specialization. Compliant custodians such as Cobo will not only reinforce the security system of exchange wallet, but also help exchange to develop wallet with better cost efficiency and grow into the next leader in the highly competitive crypto trading space.”