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Huobi Launches Huobi Cloud to Build Crypto Exchanges in the Cloud



Huobi Launches Huobi Cloud to Build Crypto Exchanges in the Cloud

Huobi is considerably the world’s third-largest crypto exchange having its trade in different parts of the world as in Singapore, Japan, U.S., South Korea and Hong Kong. Huobi Group with its ambitious effort has achieved its target and Huobi Cloud is one of them.

Huobi has excitingly launched its Huobi cloud with a purpose to make the users build digital assets exchange on the existing platform of Huobi.

The sources have informed that almost ten multinational companies are already partnered with Huobi Cloud. The established product is aimed at granting advance digital exchange asset and OTC that is over-the-counter.

The contracted partners also have the opportunities to avail many facilities like managing of asset, order integration, wallet system, and the most important cleaning system will also be provided to the user. The cleaning system will definitely help the system to keep it updated with no malfunction.

The Chairman of Huobi Group, Leon Li gave a statement that: “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 of stakeholders.”

The sources confirm that Huobi Group is currently working with its four framed strategies namely digital exchange, OTC, Operational and eco-system. All the mechanism offers different features.

The first one ‘exchange solution’ offers token-based services, platform publishing, curbing the malfunction, distinguishing between cold and hot wallet and other related services.

On the other hand, OTC has been designed with the intention to verify the authenticity of the currencies, for instance, U.S. dollars, Chinese Yuan, Hong Kong dollars and so on. It also has the capacity to handle the cryptocurrencies like the Bitcoin (BTC), Tether (USDT), Ethereum (ETH) etc.

The company also partnered with JD Cloud, which is China’s largest online retailer in order to explore and enhance blockchain technology and cloud computing with an aim to focus on its financial services, Internet-like things, and supply of related fields.

Huobi is also planning to launch its project named ‘Huobi Chain Product (HCP)’ in June 2019. The main purpose of this project is to raise fund, provide security, increase value exchange and more.

To make the system a decentralize operation is the main motive of the upcoming project. According to the statement of the Huobi spoke person it can be assumed that their policies may help them to operate the system according to their wish.

Featured Image from Shutterstock.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Rupali Sinha is a journalist at Koinalert. She covers the latest news and updates related to Blockchain technology and cryptocurrencies.