Huobi Crypto Exchange And OpenFinance Network Partner For Market Expansion
Cryptocurrency trading platform, Huobi has recently partnered with U.S regulated, security token trading platform, in an attempt to help introduce the former as it is currently establishing itself across the globe.
Huobi’s plans to expand originated from both the exposure and demand surrounding cryptocurrencies and blockchain technology. Thus far, the crypto exchange has successfully found a place for itself in the following countries: South Korea, Japan and Hong Kong.
While several countries are currently evaluating how the digital assets will be classified and their place within society, Huobi will be moving forward with their goal of expanding globally. Other pending locations include Brazil, Toronto (Canada) and San Francisco (U.S).
To date, Huobi prides itself in offering a world class security system in the form of SMARTChain digital asset research and evaluation system, and anti-DDOS protection system to name a few. Next, their operation teams worldwide help them to provide multiple OTC services and specific crypto trading services. Lastly, their attempt in revolutionizing crypto exchanges has been reflected in some of their actions, which include 24/7 customer service, independent crypto evaluation, pre-trade education programs, open listing audits and more.
On the other hand, we have OpenFinance Network, a firm dedicated to brokerage houses, custodians, transfer agents and banks, as per their website. Altogether, their goal is to maximize on efficiency when it comes to the overall marketplace. In particular, their main focuses are on alternative assets and token-based securities, which will be comply by regulations to bridge the gap between traditional and decentralized systems.
Complying by the law seems to be stressed by the Huobi team, as the exchange’s Head of Business Development and Investment, Will Wang said,
“Huobi Eco has always been committed to providing support and solutions for Huobi to operate within the compliant requirements of every country in which we do in business.”
Wang also expressed excitement in working alongside OpenFinance Network, as he views the collaboration with OpenFinance as well as, “applying blockchain technology to revolutionize the financial market.”
In response, the CEO of OpenFinance Network, Juan M. Hernandez voiced the company’s values and deems that of Huobi’s is very similar.
Hernandez further added that,
“Huobi’s investment in our trading platform is reflective of the rising interest around the globe in this emerging financial ecosystem.”