The Singapore based crypto exchange Huobi has announced that it is getting into the digital asset custody business. The crypto exchange is launching its digital asset custody platform. The exchange is initially targeting accredited investors and institutions and will let investors subscribe to various token offerings from its listed partners, with an investment ceiling of 10 BTC depending on the user’s risk profile. Ciara Sun, the head of global markets at Huobi Group, said in an interview with crypto news outlet CoinTelegraph, that this year would be an especially exciting year for the institutional market as compliance and regulation matures.
Huobi Asset Management has launched!
Take advantage of Huobi Asset Management platform and entrust your crypto portfolio with the world's leading trading institutions.
Enjoy 24/7 risk monitoring and diversified portfolios with stable returns.#HuobiManagement
— Ciara Sun (@CiaraHuobi) July 27, 2020
Huobi aims to help provide the market depth required for crypto to be a viable investment option.
The head of global markets at Huobi Group, Ciara Sun, further commented on the launch that the Wall Street stalwarts like Tower Research, Renaissance Technologies, and some of the world’s top hedge funds publicly announce their entry into the digital asset market. “In the eyes of traditional institutions, crypto is still an emerging asset class, but exchanges like ours aim to help provide the liquidity and market depth required for crypto to be a viable investment option,” she added.
Hong Kong-based Diginex will be listed on Nasdaq in September.
As reported earlier, Diginex Ltd. is on track to go public in September on Nasdaq after the Hong Kong-based cryptocurrency and blockchain-services firm first announced the move via a reverse merger more than a year ago. The current listing for 8i will become Diginex between Sept. 20-23, and the ticker, JFK, will be subsequently changed, the CEO of the company confirmed. The tone for the US and those important stock markets means we’re going to start to see more and more of this industry come to market,” the CEO added.