Crypto Exchange, Huobi Forms Alliance with Five Firms to Help Achieve Their Crypto Goals

It has been recently revealed that crypto exchange, Huobi has partnered with five firms in an effort to help the latter make their crypto dreams a reality. As per News BTC, Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings and Dbank Group are the chosen five who wish to establish cryptocurrency exchanges.

Huobi’s involvement comes from its newly released, Huobi Cloud service, which will serve as the foundation for the crypto exchanges. Furthermore, locations are said to have been chosen as well, some of which include the Philippines, Taiwan, Indonesia and Canada for the time being.

Vague details of the partnership were revealed by Huobi’s Senior Business Director, David Chen, who told the South China Morning Post that the efforts in place could potentially help to strengthen the blockchain ecosystem. In particular, he said:

“Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain system.”

Huobi is also said to be at an advantage, as more usage of its cloud services can result in increased user data, which will help the former to better assess one’s crypto needs and fine-tune their services respectively.

Despite the dropping price values in the crypto market as we speak, interest has not died off completely. News BTC made a comparison of Huobi’s user base from that of July to February’s – only to find an 88% drop. The drop in crypto investors does not only apply to Huobi, but also to other crypto exchanges.

Huobi remains confident in the blockchain technology and cryptocurrency, as the crypto exchange has been continuously launching different services on its platforms, while ensuring that its goal to expand globally is achieved in a desired speed.

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