Huobi expands its market with its five partners; triggers positivity despite crypto whirlwinds

Leading cryptocurrency exchange, Huobi Group that helps companies list their tokens more efficiently and quickly, has ticked five companies to partner with in order to help them open their own platforms through the Huobi Cloud in new markets. “Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem,” said David Chen, a senior business director at Huobi. As reported by South China Morning Post, the Digital currency exchanger has partnered with Yatai International Holding Group for Phillippines, Vnesheconombank for Russia, Chi Fu Group for Taiwan, Asia International Finance Holdings for Indonesia, Dbank Group for Canada. SEE ALSO: Pantera Capital CEO sides Bitcoin, refuting Warren Buffet calling it a gambling Huobi Cloud, which was introduced on 8^th August, was designed “to uphold the concept of win-win cooperation with our global partners to promote the rapid and healthy development of global blockchain industry and improve the efficiency of financial services.”

Huobi Cloud has officially launched!https://t.co/UZOuQoyFZK

Discover Huobi Cloud: https://t.co/liyR5m5vus#HuobiCloud #Huobi #HuobiGroup — Huobi Group (@HuobiGroup) August 8, 2018

Analysts are of opinion that the new venture will supposedly help the Singapore exchange to gather more user data for its operations.

Huobi has shown confidence in cryptocurrency market

“When the crypto market is going through a large setback, there will surely be less people interested in trading virtual currencies,” said Katt Gu, an adviser for US-based cryptocurrency market research firm, Strategic Coin. SEE ALSO: Bitcoin investor’s crypto theft: Dogecoin founder takes a dig at holders for trusting centralized exchanges Like Gu, several crypto experts are disapproving any kind of crypto transaction at the moment, pertaining to the ongoing murky state of the global crypto market. The top cryptocurrencies are all stuck in a bed of uncertainities. However, the move of this major exchange in such a topsy-turvy state, highlights that the exchange has confidence and is not questioning the current market state. The initiative to enter new markets, also indicates that the #3 exchange (according to Coin Market Cap), might be striving to make its way to the top with its market expansion.     Image via Shutterstock Join our Telegram group