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The blockchain financial provider Huobi Group has released a new service dubbed Huobi Cloud, aimed to help users develop crypto exchanges using the platform’s protocol.

According to the media, over ten businesses have already joined Huobi’s new platform. The service allows users to build their own digital currency exchanges using the Huobi Cloud protocol. Furthermore, investors are able to use the platform’s wallet and asset management strategies.

Leon Li, Chairman of Huobi Group, claimed:

In this era of significant and strong adoption of blockchain technologies, Huobi is looking to share its expertise and experience with the entire blockchain ecosystem and through this, develop the industry further to achieve mutual benefits for all stakeholders.”

It compromises four features

Huobi Cloud gathers four main features, counting the exchange, over-the-counter (OTC), “operational, and eco-system solutions.” The platform supports tokens, wallet, and other related services. Thanks to the OTC solution, the newly created platforms will support fiat currencies such as US dollars, Hong Kong dollars, Chinese yuan, as well as crypto assets like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

Huobi Group continues to get involved in blockchain-based projects. In June, it released the Huobi Chain Project (HCP), utilized for “value exchange, fundraising, securitization and more”, indicating that the group is increasingly interested in decentralized operations.

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