Cryptocurrency exchange Huobi has announced the launch of Huobi Chain, an open blockchain infrastructure designed for providing a global, blockchain-based, digital asset financial infrastructure, in open beta mode.
According to an official press release, the platform will allow its users a regulator-friendly framework for financial institutions to roll out decentralized finance (DeFi) services and apps.
Huobi Group VP of Global Business Ciara Sun says the exchange wants to provide the decentralized framework that facilitates industry-wide collaboration, which "is critical to the widespread adoption of DeFi."
"By providing the infrastructure to make financial services more transparent, inclusive, and efficient, we want to help create a more equitable economy where wealth is accessible to all," Sun added.
Previously iHodl reported that OKEx launched the same platform called 'OKChain.'
OKEx hopes that with the help of the OKChain network, users will be able to issue their own cryptocurrencies, create trading pairs and freely trade on them.
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