Multi-Billion Dollar, Hybrid Crypto Exchange Websea, Thrives Under Crypto Champion Herbert Sim's Operational Leadership
By David Thompson
May 26, 2024 09:31 PM EDT
May 26, 2024 09:31 PM EDT
Herbert Sim(Websea) (Credit: Getty Image)
There is hardly any crypto professional or seasoned crypto market participant who has not heard of The Bitcoin Man. For the past year, The Bitcoin Man has created a space for itself that is almost emblematic of the crypto industry. A brainchild of Herbert Sim, The Bitcoin Man's genesis was as a persona championing Bitcoin and Blockchain tech. It now houses the projects that have Herbert either as an investor or an advisor. And this list is a long one, full of astounding success stories.
It was no wonder Websea, the platform with Herbert as its COO since August 2023, would scale great heights. Websea, a billion-dollar market cap hybrid crypto exchange with CEX and DEX features combined into it, has its coin WBS hovering around a market cap of US$48 million. The price, over US$2.3 now, has more than doubled in a year, registering over 113% growth.
Herbert has always been a visionary who could inspire supernormal growth in the brands he was associated with. He founded the world's first repository of Blockchain and Cryptocurrency research in 2010, much before crypto attained the craze that surrounds it today. His brainchild, the Crypto Chain University, dealt with public policy issues facing blockchain, cryptocurrency, and decentralized computing technologies like Bitcoin and Ethereum.
With Herbert, Websea has also grown into one of the most representative and rewarding trading platforms in the crypto space. It allows anyone to leverage the market by copy-trading expert strategies that not only boost returns for participants at all levels but also allow efficient risk management.
As its operational chief, Herbert ensured that security was of paramount importance. He ensured multiple layers of protection for account security, Web3 wallet, offline storage, multi-wallet integration for enhanced fund security, and end-to-end encryption for data security, where data included personal information, communications, and transaction details. He also ensured that security was preemptive, where intelligent risk control systems could monitor and prevent unauthorized access.
While ensuring security, Herbert ensured that user experience standards remained high with rapid P2P transactions with a variety of options and the flexibility of easy subscription and redemption.
From referral rewards to competitive passive earnings, income opportunities on Websea could not be better than they are now.
The platform and Herbert find themselves in a harmonious state now where both are dreaming big and ensuring that those dreams come true in the shortest time possible.
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