According to the South China Morning Post today, Huobi Group, operator of the world’s third-largest cryptocurrency exchange by daily trading volume, has selected to partner with five companies to use its Houbi Cloud to help them develop their own platforms in new markets.
Houbi’s partners include Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holding and Dbank Group. Houbi will help these companies set up new cryptocurrency exchanges in the Philippines, Russia, Taiwan, Indonesia and Canada.
A senior business director of Houbi said in a statement on Thursday that the use of Huobi Cloud will allow them to offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem. Houbi Cloud was launched last month to provide a one-stop solution for digital asset exchanges, enabling its partners to quickly build secure and stable digital asset exchanges.