Huobi Group has unveiled a new platform, Huobi Cloud, that will enable customers to build digital asset exchanges on the existing Huobi cryptocurrency exchange platform.
More than ten multinational corporations have already teamed up with the Huobi Cloud, as stated in a declaration they shared with Cointelegraph. The new solution intends to create over-the-counter (“OTC”) and cryptocurrency exchanges. Members will likewise be in a position to benefit from the order and wallet aggregation systems, as well as from the cryptocurrency management and settlement capabilities of the Huobi Global platform.
In this era of significant and strong adoption of blockchain technologies, Huobi seeks to share its knowledge and experience with the entire blockchain ecosystem and, through this, further develop the industry to achieve mutual benefits for all stakeholders.
Leon Li, President of the Huobi Group
Huobi Global rolled out Huobi Cloud that allows members to build cryptocurrency exchanges based on Huobi platform
As reported in the official statement, Huobi Cloud includes four different solutions, encompassing cryptocurrency exchange, OTC, operational solutions, as well as blockchain ecosystem-based solutions.
The cryptocurrency exchanges solution provides support for the launch of exchange services platforms, token-related trading solutions, as well as hot and cold crypto wallets, among others.
The OTC (over-the-counter) approach is used to validate the genuineness of fiat currency exchanges, including the US dollar, Hong Kong dollar, Chinese Yuan, as well as cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Huobi, established in 2013, is now the third largest cryptocurrency exchange platform in the world, by daily trading volume, with branches in Singapore, the United States, Japan, South Korea and Hong Kong. Recently, Huobi cryptocurrency exchange platform teamed up with JD Cloud, a subsidiary of China’s largest online retailer, JD Group, to pursue blockchain and cloud applications, targeting financial services, supply chain management, and, last but not least, the Internet of Things (IoT).
Also, besides the newly announced Huobi Cloud, the company planned since June to roll out its Huboi Chain Project (HCP) to work on its proprietary blockchain development to decentralized all its operations.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.