Huobi recently held its mid-year conference to review progress and discuss plans for the second half of 2023. Despite a significant improvement in operational performance during Q2, Huobi and Poloniex's total on-chain assets equated to $4 billion, falling behind Binance and OKX.

However, Huobi aims to restore brand confidence, increase platform assets and trading volume, and become a household name within the cryptocurrency exchange industry. Huobi's three core businesses, consisting of exchanges, public chains, and stablecoins, will strive to enhance the user experience and build a globally influential Web3 financial hub.