Huobi Launches Four Cloud Products To Build Crypto Exchanges

Huobi Group has launched Huobi Cloud, which enables users to build cryptocurrency exchanges on top of Huobi’s existing platform. So far, more than 10 multinational firms have partnered with Huobi Cloud. The ready-made solution enables launching over-the-counter (OTC) and digital asset exchanges.

Furthermore, the wallet systems and the order integration facility are also offered to partners. This is in addition to the asset management and clearing system of the Huobi Global platform.

Commenting on the launch Leon Li, Chairman of Huobi Group, stated

“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.”

Huobi Cloud offers solutions in four categories namely, exchange, OTC, operational, and eco-system solutions. The exchange solution facilitates setting up cryptocurrency exchange platform, hot and cold wallet separation, token-related services, risk alert mechanism, and other related services. The OTC solution validates the authenticity of trades involving fiat currencies such as the US dollars, the Chinese yuan, the Hong Kong dollars and cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

Huobi, which was established in 2013, is arguably the world’s third largest cryptocurrency exchange by traded volume. The exchange has offices in Singapore, the US, South Korea, Japan, and Hong Kong.

Back in June, Huobi entered into a strategic partnership with JD Cloud, a subsidiary of JD Group, China’s largest online retailer. Under the partnership, the duo explores blockchain technology applications and cloud computing, while focusing on finance, IoT and supply chain sector.

Last month, Huobi announced the launch of Huobi Chain Project (HCP), aimed to develop a public blockchain. The new platform will also support initiatives such as fundraising, securitization, and value exchange, among others. The company aims to decentralize its business operations with the launch of Huobi block Chain.