Huobi Group, a large crypto exchange, began cooperating with partners to introduce crypto exchanges in five countries.
Several crypto exchanges were announced to be launched in Russia, Taiwan, Indonesia, Canada and the Philippines. Huobi has partnered with local holdings in those countries.
Huobi Group new project’s partners are: Vnesheconombank (Russia), Yatai International Holding Group (Philippines), Chi Fu Group (Indonesia), Asia International Finance Holdings (Taiwan) and Dbank Group (Canada).
The crypto exchange was already launched within the framework of this partnership in the Philippines on August 12, initiated by Yatai International Holding Group company. In Indonesia it will be launched on August 22 and in Taiwan on the 26th. September 3 is the date set for the launch in Russia, and tba in Canada.
WHY IS IT IMPORTANT?
- Partners will create platforms for trading cryptocurrencies in their regions using the Huobi Cloud platform. They will be able to use wallets management, mechanisms for asset management and the clearing system of the Huobi Global platform.
- Huobi's offices are already in the U.S., Singapore, Hong Kong, Thailand and Australia, and customers who work with the platform are in more than 130 countries. Huobi takes the third place in the world in terms of trading in cryptocurrencies.