Huobi Cloud: Make-Your-Own-Exchange Atop the Huobi Platform
Build your own token? What about build your own crypto exchange — that’s the idea behind Huobi Cloud, the latest platform launched by the exchange-oriented Huobi Group. The new Huobi Cloud play will allow Huobi partners to create their very own crypto exchanges, with four different enterprise-grade solutions to choose from in doing so.
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Make-an-Exchange Now Possible Via Huobi
In Huobi Group’s latest customization-minded development, the newly launched Huobi Cloud “will enable partners to build secure and stable digital asset exchanges on top of Huobi’s existing platform and market data,” per the exchange conglomerate.
The new Cloud platform will have the benefit of relying on Huobi Global’s wider ecosystem and infrastructure, including its “order integration system, wallet system, asset management, and clearing system.”
It’s all part of the crypto exchange titan’s recent moves to become that much more prominent.
“In the past five years, Huobi has accumulated rich and valuable R&D, security, compliance, and operational experience through its digital asset trading platforms,” Huobi Group Chairman Leon Li said of the new platform. “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.”
What to Expect
10 multi-national corporations have already signed on for the platform, including the International Finance Corporation. The four-pronged platform is to provide the following customization solutions:
Ecosystem Solution: “Huobi Cloud’s Ecosystem Solution will make the entire global eco-system resources of Huobi available to Huobi Cloud partners. The Global Eco Fund of the Huobi Group is an industrial fund that focuses on the development of the global Blockchain industry.”
Exchange Solution: “Providing white-label Huobi’s underlying technology, share trading depth and liquidity data from the Huobi.pro, which supports 154 digital assets (including HADAX). Huobi Cloud’s Exchange Solution also includes support for exchange platform publishing, voting on tokens, node management, asset exchange, airdrops, token dividends and other services; support hot and cold wallet separation as well as a risk-trigger mechanism to ensure asset security.”
Operational Solution: “Huobi Cloud’s Operational Solution offers partners training on the use of front and back-end products of the exchange. Partners will receive support from the world’s top risk control system to ensure the healthy and stable operation of the exchange; in addition, partners can easily release their own platform license through Huobi Cloud and on the platform.”
OTC Solution: “The Huobi Cloud OTC solution meets KYC regulatory requirements in many countries around the world, with a robust transaction process design and merchant certification. The evaluation system guarantees the authenticity of the transaction and the security of the buyers and sellers’ funds; Huobi Cloud supports the trading of various legal currencies such as RMB, USD, HKD and other mainstream digital assets such as BTC, ETH, and USDT.”
Huobi U.S. Strategic Partner HBUS Pivots Toward APIs
In other Huobi news, the group’s exclusive U.S. exchange partner and recent startup HBUS is now offering Websocket and REST APIs for traders on the fledgling platform.
Compatible will all current trading pairs on the exchange, the APIs will now allow clients to execute and cancel trade orders, among other features.
The new APIs come on the heels of HBUS opening up deposits as of July 6th, 2018.
What’s your take? Is Huobi Group’s new build-an-exchange platform going to gain traction? Let us know where you stand in the comments below.
Images via Pixabay