Huobi to Help Launch Crypto Exchanges in Canada, Indonesia, Philippines and Taiwan

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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Giving Strong Bullish Signals, Markets to Roar Higher into Next Year

Today, Bitcoin is on the move, aiming for $11,000, currently trading around $10,915. Adding to this bullishness is all the dry powder. $20 billion worth...

ETH Locked on Aave & Uniswap Records a Sharp Rise

Decentralized Finance (DeFi) is back to recovering, currently at over $11 billion, reaching an all-time high of nearly $12 billion from last week, as...

Bahamas Central Bank Confirms CBDC ‘Sand Dollar’ to Launch In Less Than 30 Days

The Bahamas Central Bank has confirmed that its pipeline CBDC ‘Sand dollar’ will roll out next month as anticipated. This will mark the first...

KuCoin Hack Update: 11 Crypto Projects Freeze the Stolen Tokens

Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach....

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today