Huobi and 500 Startups to Incubate Blockchain Startups

New enterprise will be called Batch 23 and will support startups in various ways
21 February 2018   1327

Startups accelerator from the Silicon Valley 500 Startups announced the conclusion of an agreement with the division of the Huobi exchange, pursuing the same goals, Huobi Labs. This is reported by Coindesk.

Both organizations will support start-ups in various aspects, including helping them in drafting business plans, white paper, marketing strategies, engaging the community and attracting funding.

Huobi Labs will provide its links in the blockchain space, which will help 500 Startups program participants to work more actively with this technology. The group of startups included in the joint program Huobi Labs and 500 Startups, will be called Batch 23.

Our teams will learn so much especially around the ins and outs of how a digital exchange works.
 

Edith Yeung

Partner, 500 Startups

The founder of Huobi Labs, Junfei Ren, said that his company will work with the participants of 500 Startups and Batch 23 to "provide maximum assistance and support to all new projects".

500 Startups is an early investor in several crypto-currency projects. However, the company refuses to participate in the ICO, citing financial and legal risks.

Huobi to Launch Brokerage Platform

The service, aimed at institutional investors, is  available to investors in almost all regions where Huobi is present, except China
22 January 2020   135

Huobi cryptocurrency exchange opens a brokerage platform focused on the needs of institutional investors.

The announcement of the Huobi Brokerage platform took place this Tuesday at the World Economic Forum in Davos. The service is already available to investors in almost all regions where Huobi is present, with the exception of China.

The brokerage platform is the first product of the Global Institutional Business (GIB) division, which will focus on serving institutional clients. According to the publication, from the third quarter of 2019, Huobi recorded an increase in the institutional client base by 400% - it was possible to attract 1,700 investors.

GIB currently has offices in London, Singapore, and Hong Kong and will be a top priority for Huobi in 2020 as it continues to expand globally.

 

Huobi

 

Like the American brokerage service Tagomi, Huobi Brokerage provides the ability to execute applications at the best prices by forwarding them to several trading platforms, including third-party exchanges and over-the-counter services. Huobi is known to have over-the-counter partners in Chicago Jump Trading and Hong Kong-based Alameda Research.

In addition, the platform provides services for block trading, individual financing and other solutions for traders interested in concluding large transactions. Bitcoin, USDT, HUSD, PAX, TUSD and USDC are available for trading blocks. By the end of the first quarter, ETH, EOS, BCH, LTC and XRP will be added to them.

2019 brought the first wave of institutional interest but 2020 is when we expect to see the industry mature with growing demand. As we enter the next phase of crypto, Huobi staking an active role in setting new standards for institutional and retail clients alike.

Ciara Sun

Huobi Group vice president