Huobi cloud cryptocurrency exchange

Huobi Launches White Label Crypto Exchange Service Huobi Cloud and Lists DIgiByte

Jul 20, 2018, 6:13PM
1 min, 37 sec READ

Huobi announced the launch of Huobi Cloud, which allows users to build their own crypto exchange, and the listing of the DigitByte (DGB) token.

Huobi, the cryptocurrency exchange headquartered in Singapore and backed by Sequoia Capital, has announced the release of a new service called Huobi Cloud, which allows users to build their own cryptocurrency exchange. Interested parties can apply for the service here.

The new affiliate service is aimed at helping partners build their own custom platform using Huobi's features. Huobi Cloud is a white label, meaning users will maintain their own client base and branding and handle financial accounts independently. Meanwhile, partners will be able to offer the hundreds of coins available on Huobi Global and HADAX. 

Leon Li, Chairman of the Huobi Group, wants Huobi Cloud to strengthen the ecosystem, saying,

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.

Several clients have already signed up for the cloud service. The Chi Fu Group, a Taiwanese financial investment group, and the Yatai International Holding Group, an investment group with close ties to governments, will both be using Huobi Cloud. 

DigiByte Launches on Huobi Global

In a separate announcement earlier today, Huobi revealed that the DigiByte (DGB) token will be launched on Huobi Global today. DGB trading with BTC and ETH will be available as of July 20, while withdrawals will be possible as of July 22. 

DigiByte is ranked 32 on CoinMarketCap, with a market cap of $476 million. Its focus is on cybersecurity, with the hope that strengthened security will make it a viable option for global payments. 

For Huobi's part, the exchange should benefit from having an additional top-50 token in its listings. The exchange had a trading volume of just under $800 million in the past 24 hours. 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.