Bella Fang, Founder of WBFex: 50 million users by mid-2021
About the end of this year, we estimate to have 4,5 million users that are growing from 500,000 users at the moment. Next June, the number will be 18 million users and by mid-year 2021 is 50 million users.Bella Fang, Founder of WBF exchange (WBFex) answered
during BlockAce’s interview
The WBF2019 Singapore Technology Conference was successfully held at the Sands Hotel in Singapore on June 21-23. More than 3,000 guests attended the conference, more than 90 speakers, 100 media representatives, nearly 30 keynote speeches and 9-panel discussions. Focusing on “the opening of regulatory technology and the future of digital finance” aims to share the development trend of the industry with the Asian blockchain practitioners and expand the boundaries of industry development.
During the meeting, Founder of BlockAce & ATF News Vietnam interview WBF Group Chairman and WBFex Founder, Bella Fang. Just one week ago, Bella’s interview on The Face Magazine (Vietnam) by BlockAce was published to 10,000 copies nationwide.
Bella Fang, Chairman of WBF Group, New York and Founder of WBFex’s profile:
From 2008 to 2013, Bella was committed to investing in smart manufacturing and artificial intelligence industries.
In 2013, she began to participate in early cryptocurrency investments in New York.
In 2016, she established BlockMedia in Silicon Valley, USA; in the same year, WBF Group was founded on Wall Street in New York, USA.
In 2018, the WBF Digital Currency Exchange was established in New York, USA.
In the past 5 years, she has been involved in various blockchain activities in China and the United States. Bella is an outstanding entrepreneur in the global women’s leadership blockchain.
Here is the interview with Bella Fang from the Founder of BlockAce & ATF News Vietnam:
Q1.World Blockchain Forum was held in a lot of countries, for example, New York, London, Dubai, Korea and so on. What is the main purpose that you hold the World Blockchain Forum throughout the world? And, why did you start to do the forum throughout the world?
Bella Fang: WBF is identified itself as the “pioneer of global promotion and distribution”, and the world’s largest blockchain resource platform and flow inlet. WBF is enabled to cover global news media within 36 hours, and responsible for brand packaging, traffic aggregation, fundraising, liquidity improvement, globalization platform deployment and mounting value of blockchain projects.
“Global” is one of the keywords of our position. Since founding, we started a global layout. Founded in Wall Street, WBF has its own offices in New York, Shanghai, Singapore, and Dubai. Every year, WBF holds 200 conferences around the world.
Q2.There are many cryptocurrency exchanges in the world now. What are the characteristics and different from the other exchanges?
Bella Fang: In my view, the evolution process of digital asset exchanges can be divided into three stages.
In 2010, the world’s first digital asset exchange, Bitcoinmarket, was found in the United States, and Mt.Gox and BTCC rose to fame. They are the first generation of centralized digital asset exchanges as what we defined, mainly providing native cryptocurrency actuals and futures trading services.
In 2017, Ethereum ERC20 radically exploded digital currency circle. Coinbase, Binance, Huobi, and OKCoin rapidly evolved into the second generation of digital asset exchanges which have the function of IPO review and listing of digital assets, as well as traditional mainstream currency trading.
Unfortunately, the previous two generations of exchanges existed prominent security risks and frequent stolen problems, most of which have failed to solve compliance operation problems. Under this context, WBFex proposed the concept of “the third generation of digital asset exchanges” and aspires to be the leader among them.
There are three basic standards of the third generation of digital asset exchanges: solve security problems arising from centralization through high-performance trading; provide easy-to-use blockchain financial products, including actuals trading, financial lending, digital asset storage and financial derivatives, etc., to realize the integration and upgrading of blockchain and traditional finance; and introduce the regulatory framework of traditional financial securities and implement asset custody by a third party to become a compliant financial service platform through issuance of STO.
Q3. Being a women entrepreneur with a grand vision for WBFex: to be no.1 in the world, what are the strong motivations that help you go through every challenge met on the way building up your empire?
Bella Fang: Setting a business is about the team. When the team has a common goal to be a leader in the world, we keep seeking talented individual from big players such as Huobi, Binance, … joining us from time to time. Sharing the same vision & motivation get us to bypass all kind of challenges.
Q4. How long it will take for WBFex to gain its no.1 position in the crypto market in your opinion?
Bella Fang: Currently we estimate that we have about 20 million globally users where Huobi account for approximately 7 million & Binance account for 6-8 million. To become the no.1 (cryptocurrency) exchange, WBFex needs about 15 million users. Our strategy is firstly we launch our 30 cities programs, secondly is our online rewards systems. We also have more than 1000 KOLs that are working with us to distribute our news & also connect to more than 3,000 media partners that can help us promote & release information within 36 hours. Lastly, we have offices in 13 cities worldwide that run the operation smoothly. These are strategies that can push WBFex to generate flow real quick.
About the end of this year, we estimate to have 4,5 million users that are growing from 500,000 users at the moment. Next June, the number will be 18 million users and by mid-year 2021 is 50million users.