Cryptocurrency exchange Huobi has announced that its arm Huobi Labuan for the Malaysian market has received a digital asset trading brokerage service license from Malaysian authorities.
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According to an official press release, the brokerage license will allow the exchange to provide spot and derivatives trading services in Malaysia starting with a nine-month trial operation. So far, the exchange supports over a dozen cryptocurrencies like bitcoin (EXANTE: Bitcoin), bitcoin cash (BCH), ethereum (ETH), ethereum classic (ETC), EOS, and huobi token (HT).
The local cryptocurrency exchange is providing services via Huobi Cloud, an all-in-one solutions' provider that allows vetted partners to launch digital asset exchanges, the company said.
Earlier in November, Huobi announced the launch of the Huobi-Filecoin Incubation Center with a $10 million fund dedicated to supporting the Filecoin ecosystem.
The center will focus on incubation, investment, and community development. Huobi will support Filecoin developers and promote Filecoin-related academic research. Sharlyn Wu, Huobi's CIO, believes that decentralized storage is a "great experiment that combines cloud storage with the decentralized mechanism of blockchain."
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