Cryptocurrency company Huobi Group has announced the launch of the Huobi Cloud platform in the Middle East, designed to create secure and stable digital asset exchanges.
Payment service providers from the Middle East and North Africa will be able to create cryptocurrency exchanges based on the existing Huobi platform. Partners will be able to integrate an order management system, wallets, and asset management tools.
According to the regional President of Huobi, Mohit Davar, the UAE is actively implementing blockchain technology, so the launch of Huobi Cloud in the Middle East is a logical next step.
“Huobi provides various services related to digital assets on a universal platform. Cryptocurrency enthusiasts will be able to work on one convenient and secure exchange, ” Davar said.
Huobi Group has already launched platforms in Russia, Indonesia, Thailand and Argentina. In September, the company announced a collaboration with the University of Gibraltar on initiatives related to the implementation of the blockchain. In addition, the exchange signed an agreement with a major Turkish Bank to open a Fiat gateway in Turkey.