Huobi Group announces Indonesia expansion

Huobi Group announces Indonesia expansion

Huobi Group, the global blockchain asset financial service provider, has announced its plan to expand into Indonesia. The new exchange will list 123 tokens and incorporate a two-factor authentication (2FA) to help secure each digital asset.

The Huobi Indonesia Digital Currency Exchange is built on Huobi Cloud platform and will cover Indonesia, while serving the Asian digital asset market. Huobi Cloud is a one-stop solution, having partners in Russia, Philippines, Taiwan, and Canada. The platform offers a more efficient way to set up digital asset exchanges in different countries. The platform support OTC transactions, digital asset transactions, charting tools and gives access to other business units.

Additionally, Huobi Cloud partners will be able to leverage on Huobi Global’s trading depth as order books will be combined across the board. Being a white-label platform, partners will be able to customize their user interface to suit their target market’s preferences.

Huobi Cloud’s entry to the Indonesian market will be able to help drive change in the traditional financial marketplace by providing a channel for small to mid-size enterprises to integrate into the broader financial marketplace,” said Li Huo, Vice President of Huobi Global. “New legislation will come into play that brings cryptocurrencies and the blockchain into the regulatory field.”

The official partnership between Indonesia’s Asia Financial Group and Huobi Cloud was announced at a press conference held at AYANA Hotel in Jakarta, Indonesia, where Asian Financial Group’s Mr. Xiongdan and Huobi Cloud’s Mr. Yin Quanxing discussed how blockchain technologies and digital assets are posed to boost economic growth in Indonesia. Guests included Megain Widjaja, CEO of the Indonesia Commodity & Derivative Exchange; Wu Jiande, Head of Silk Road Fund; David Chen, Senior Director of Huobi Cloud; andXX, VP of Indonesian FinTech Association.

There is a lot to explore in the digital asset market, commented Megain Widjaja, CEO of the Indonesia Commodity & Derivative Exchange. “We believe that all citizens should have the opportunity to improve its economy and education through advanced technologies like tokenization and blockchain.

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