Huobi Group to launch a crypto exchange in Russia

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3 months ago
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A major provider of financial solutions for crypto assets Huobi Group began cooperation with partners to launch crypto exchanges in five countries. Among the partners of the Huobi Group is the Russian Vnesheconombank, according to South China Morning Post.

Other partners of the new project are: Yatai International Holding Group (Philippines), Chi Fu Group (Indonesia), Asia International Finance Holdings (Taiwan) and Dbank Group (Canada).

Using the Huobi Cloud platform, partners will create platforms for trading cryptocurrencies in their regions. They will be able to use order integration systems and wallets management, as well as the clearing system of the Huobi Global platform.

Earlier in August Huobi Global announced the launch of a new platform designed for automatic listing of tokens.