Huobi Cloud Aims for 80 More Exchange Partners

Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50.

Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort of 150 platforms under the Huobi Cloud umbrella, according to Huobi Group’s senior business director David Chen.

“We will help them get their trading volume up and we’ll expand our business when the market is more mature,” Chen said, adding that up to 80 like-minded partnerships are currently in the pipeline.

Recent expansion isn’t unique to Huobi, however. Global exchange giants like Binance are opening independent subsidiaries in emerging markets like Uganda, or investing in local exchanges the way Bittrex did with the South African exchange VALR. Similar to Bittrex, Huobi Group offers partners like HIZA access to its global order books for prime liquidity.

Interestingly, the partnership approach allows Huobi to minimize the regulatory risks of working in under-developed markets – where banking relationships require local knowledge and repercussions for unintentional missteps remain uncertain.

“They [HIZA] own their customer data, it’s not Huobi that owns it, otherwise it would be Huobi’s responsibility,” Chen said.

He added that Huobi Group has earned $1.5 million in net profit since October 2018 from Cloud partnerships that have already gone live. One such...


Why BCIO Is Not Just Another Utility Token

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2019 will be a decisive year for the Blockchain industry as the world moves towards a friendlier Crypto environment with governments such as Korea, Singapore, and Switzerland paving the way for appropriate regulatory measures. Likewise, France is aiming to become a blockchain hub for entrepreneurs and investors alike, with a 30% flat tax regime possibly in the works. Blockchain.io aims to become the new European cryptocurrency exchange of trust for individual and institutional investors alike. At the center of the Internet of Value, we provide users with an augmented trading experience in a thriving ecosystem.

A new wave and generation of tokens is upon us, and Blockchain.io intends to be a leading player in this field. As such, we have conceived the BCIO token to do just that, and more importantly, we envisioned and conceptualized it as a pipeline to the Internet of Value. For the first time, transactions can be performed without any counterparty risk, which is a crucial advancement as well as a guarantee of safety. This brings us to the essence of CEO Pierre Noizat’s vision of digital assets as a platform for applications, as well as a marketing mechanism.

Proprietary exchange tokens are still fairly uncommon in the cryptosphere, even though a handful of major platforms...


A Public Firm ICOs in Singapore

Y Ventures Group, (the Group), which describes itself as a data analytics driven eCommerce company, went public on the Singapore Exchange last year. This year Y Ventures has become the first publicly listed company in that City State to launch an ICO. It almost certainly won’t be the last. There is a lot of Singaporean interest in cryptos.

The Group is setting up an eCommerce buying platform that will focus on cross-border purchases on behalf of consumers.  It calls this the AORA platform, and its utility tokens are intended for use thereon.

Luminore 8, the subsidiary of Y Ventures that will be responsible for establishing the platform, has struck a deal with Singapore Post Ltd., and together they will “explore possible enhancements to the E-commerce parcel logistics chain utilizing new technological processes for warehousing and last mile delivery.” Luminore 8 has also issued a white paper that sets out details on the proposed ICO, the AORA Platform and AORA Coins, available here.  

 


The Yuan Now Accounts for Less than 1% of Bitcoin Transactions

China’s comprehensive ban on cryptocurrency trading has had its desired effect: the yuan renminbi now accounts for less than 1% of global bitcoin transactions.

Yuan Transactions Down

Once the dominant quote currency for bitcoin, the yuan is no longer being used to facilitate fiat-to-crypto trades, according to new data from the People’s Bank of China (PBOC). The central bank disclosed the data Friday through the state-run Xinhua news agency, which showed that the yuan accounts for less than 1% of bitcoin trades from a peak of more than 90%.

Last September, China’s central bank issued a blanket ban on domestic cryptocurrency exchanges and announced a zero-tolerance policy for initial coin offerings (ICOs). Over the past ten months, regulators have also stepped up efforts to limit access to foreign digital currency exchanges.

The PBOC says it has ensured a zero-risk exit for 88 cryptocurrency exchanges and 85 ICO trading platforms, according to Xinhua.

A blockchain analyst by the name of Zhang Yifeng believes that China’s ban had a positive impact on price volatility:

“The timely moves by regulators effectively fended off the impact of sharp ups and downs in virtual currency prices and led the global regulatory trend,” Zhang said, as quoted by Xinhua.

Though...


Huobi Global Crypto Exchange Moves into Brazil

The chances are you have heard of one of the most prominent players on the market. The Huobi global exchange with trading volume of $1 140 189 009 – and a wealth of remarkable features.

Hongkong-based Huobi has recently confirmed they will be expanding their services into the Brazilian market. Let’s take a look at what consequences this may have for the crypto market and how it will affect you directly.

Who are they again?

Huobi is one of the largest cryptocurrency exchanges around. It bears a proud .pro status (this isn’t an award, it just means the address is at huobi.pro, but it still sounds cool), been around since the beginning of times (meaning 2013), and trades, according to the stats, more or less 127 000 BTC every 24 hours, which means it is the third largest trader around. How is that for the power of presence?

With very simple verification and registration procedures and optional delicious offerings like using marginal trading or a credit shoulder, it is indeed one of the most popular choices around. The fact that it is becoming so successful that the management has decided to throw a considerable part of their funds into extending into Brazil is undoubtedly an argument in crypto’s favor.

Background:

Huobi’s main strengths, as you will no doubt learn from their website now that we have intrigued you, are:

“Strategic insights based on research, trends, and 50+ unique indicators to properly evaluate investment potential and risk and in-depth, comprehensive information on 190+ cryptocurrencies.”

We’d also like to point out the importance of “advanced distributed system architecture built to protect against DDoS and other potential threats”, in light of recent hacker attacks.

Also, you will be glad to know this isn’t their first endeavor to explain the potential foreign lands hold:

“Huobi Global Professional Cryptocurrency Exchange has covered global clients and has opened trading offices and operation centers in Singapore, the United States, Japan, Korea, Hong Kong and many other countries”.

With all the experience Huobi has in asset acquisition and extension of their areas of influence there can be no doubt this enterprise will be as much of a success as the other ones, and we are very much looking forward to hearing more good news from them on their recent enterprise.

What happened?

Huobi’s relocation may have been a consequence of some internal struggle to do with governmental restrictions on currency trading in China, where Huobi originally comes from.

Well, all we care about is that it does the job, and does it very well. There are more than 190 currency pairs available with Bitcoin taking the lead. There are also many options available for users who may want to get heavily involved with graphs, use timelines, and learn massive...