Huobi founder Li Lin is forming a new 20-member professional trading team by transferring the entire trading team from his family office, Avenir Group, to Bitfire Group, where he holds a 30% stake. The initiative aims to attract family offices, public companies, and high-net-worth individuals in Asia. The team will focus on quantitative trading and wealth management services for crypto assets, leveraging their extensive experience in the crypto market to capture arbitrage and trend opportunities. Bitfire has already secured approximately $500 million in initial investment intentions from family offices and public companies.