Huobi Group, one of the largest blockchain asset service providers, today held a ceremony for the official launch of a new Huobi cryptocurrency exchange for Indonesia. The Huobi Indonesia Digital Currency Exchange will run on the Huobi Cloud platform.
Huobi Cloud offers an efficient way to set up digital asset exchanges in different countries. The platform support OTC transactions, digital asset transactions, charting tools and gives access to other business units.
The Huobi Cloud also has partners in Russia, Philippines, Taiwan, and Canada.
“Huobi Cloud’s entry to the Indonesian market will be able to help drive change in the traditional financial marketplace by providing a channel for small to mid-size enterprises to integrate into the broader financial marketplace. New legislation will come into play that brings cryptocurrencies and the blockchain into the regulatory field.”
Huobi Cloud partners are able to leverage Huobi’s trading depth as order books will be combined across the board. Being a white-label platform, partners will be able to customize their user interface to suit the preferences of their target market.
Since launching in 2013, Huobi has accumulated more than $1 trillion (U.S.) in transactions, and accounts for 50% of the world’s digital asset trading share. To date, Huobi has provided its services to millions of users in over 130 countries.