Huobi Group today announced four new corporate partners that will leverage Huobi Cloud to launch independent exchanges in the Philippines, Indonesia, Russia, and Canada. Through Huobi Cloud, partners can easily set up OTC and currency exchanges as well as tap into the order integration system, wallet system, asset management and clearing system of the Huobi Global platform.
“Since launching in July, Huobi Cloud has seen a robust response from prospective partners,” said David Chen, Senior Business Director of Huobi Group. “Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem.”
Of the 1,409 applications submitted for launching independent digital asset exchanges through Huobi Cloud, four were selected as launch partners: Asia International Finance Holdings (AIF), Chi Fu Group, Dbank Group, and Yatai International Holding Group.
Using the OTC service, independent exchanges can offer its residents zero-fee trading on top digital assets and support fiat-to-crypto trading.
Additional independent exchanges launching through Huobi Cloud include Huobi Digital Asset Exchange in Manila on August 12th; Asian Digital Asset Exchange in Bali on August 22nd; Shubao Digital Asset Exchange in Taiwan on August 26th; and Huobi Russian Digital Asset Exchange in Moscow on September 3rd.
Corporate partners also share Huobi’s order integration system, wallet system, asset management and clearing systems; in addition to Huobi Global’s liquidity and market data.