Exchanges

Huobi Global, OKCoin back Blue Helix BHEX exchange

Blue Helix’s BHEX exchange has raised $15 million in a funding round that included Huobi Global, OKCoin, Node Capital, Yintai Investment, Genesis Capital, City Holdings and Plum Ventures.

Blue Helix has developed a decentralised platform powered by Bluehelix technology. It says that the aim is to “fully solve the security and credibility issues of centralised crypto trading platforms, allowing centralised exchanges to reap the benefits of decentralised exchanges while simultaneously solving the key holder conundrum and putting the power into the hands of the users.”

Founder and CEO James Ju comments: “This will be an open source project after it has been completely developed; it will be supported by decentralised cryptographic algorithms, blockchain technology and the innovative Bluehelix technology.”

Bluehelix has now finished its decentralised cryptographic custody proposal and validated its engineering codes. It has also obtained the necessary technology patent.

BHEX.COM will be officially launched at the end of November.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.