Singapore-based cryptocurrency exchange Huobi launched its Cloud business arm, which will enable partners to build digital asset exchanges quickly.
Huobi Cloud relies on Huobi's existing digital asset exchange platforms to provide services of setting up over-the-counter (OTC) exchanges and cryptocurrency exchanges for partners who have little to no IT capability.
It has more than ten multi-national companies such as International Finance Corp., as its initial partners for its arm.
The partners can share the Huobi Global platform's order integration system, wallet system, asset management and clearing system, while also accessing Huobi Global's depth, liquidity, and market data.
In late June, Huobi had signed a partnership with Chinese blockchain company Jingdong Cloud (JD Cloud) to jointly explore blockchain technology applications and cloud computing.
Huobi has operations in Hong Kong, Korea, Japan and the U.S. Earlier this month, it also expanded its operations to Australia by launching its digital asset exchange there and launched its London operations to make an entry into the European market.
Huobi, which boasts of an international multi-language digital currency trading platform, has recently established a South Korean subsidiary. It has also entered in to Brazilian crypto market by opening an office in São Paulo city.
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