Crypto Exchange Huobi Creates Cloud Service To Facilitate Building Digital Asset Exchanges

Announcements, News | July 20, 2018 By:

Crypto exchange Huobi, the world’s third largest cryptocurrency exchange by daily trading volume, has created a new platform that will allow its partners to build digital asset exchanges.

Called Huobi Cloud, the platform aims to cooperate with global partners to promote the rapid and healthy development of the global blockchain industry, improve financial efficiency and achieve mutually beneficial partnerships. The platform will provide partners with the services of setting up over-the-counter (OTC) exchanges and currency exchanges with little to no IT capability requirement. They will also be able to use the order integration and wallet systems, as well as the asset management and clearing system of the Huobi Global platform.

In its announcement, Huobi said more that 10 multinational corporations (MNC), such as International Finance Corporation, have already become the initial partners of the cloud venture. It has also received attention from Dbank Group, JIFU Investment (Holdings) Group,Russia State Corporation Bank for Development and Foreign Economic Affairs, and YATAI International Holding Group.

“Over the past five years, Huobi has accumulated rich and valuable R&D, security, compliance and operational experience through its digital asset trading platforms,” said Leon Li, Chairman of Huobi Group. “In this era of significant and strong adoption of blockchain technologies, Huobi is looking to share its expertise and experience with the entire Blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.”

Last month, the company launched the Huboi Chain Project (HCP), a public blockchain platform that will be used for “value exchange, fundraising, securitization and more.”