In a press release posted on their official page, Huobi Pro, one of the biggest crypto exchanges in the world, announced a new spinoff, focused on providing what we may safely call "crypto exchanges as a service". Dubbed "Huobi Cloud", the new "business arm" of the company will allow potential partners to build their own crypto exchange with "little or no IT capability requirement".
According to the same press release:
Huobi Cloud will rely on Huobi’s existing digital asset exchange platforms, providing partners with the services of setting up OTC exchanges and currency exchanges with little to no IT capability requirement. Partners can share the order integration system, wallet system, asset management and clearing system of the Huobi Global platform, while at the same time connecting Huobi Global’s depth, liquidity, and market data.
The official website of the new business arm is here, if you're interested, and there is also a registration link.
For me, this move is a sign that the crypto exchange market is becoming a bit saturated. Looks like Huobi Pro came to a point where growing just by itself is becoming too expensive. Offering "crypto exchanges as a service" will allow them to keep growing, but at the cost of changing the upfront brand.
On the other hand, the saturation of a certain component of a market is also a sign of maturity. It's like in the early days of the web development, when an agency was doing everything: hosting, backend coding, frontend coding and design. As things evolved and as the web market grew, web agencies evolved in multi layered structures, each one specialized in a certain field: hosting companies, web programming agencies, web design boutiques and so on and so forth.
So, I see this news as a positive one, mostly because of what it tells about the point where the crypto industry, as a whole, is right now.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
its the simplicity in the process that matters and seems like huobi is taking a big step in that direction
Man Steem needs to partner this thing up and get in on this. I may be wrong but I feel that we need a proper exchange here with a possibility of a fiat gateway.
Yup the crypto exchange market is higly saturated.all it needs to come with a unique idea to dominate the market.
Nice move to grow crypto business but I am not sure whether it's worked there where crypto is banned?
This is a good move because it gives new platform entering the industry to strive at their own pace . The crypto market is too big for a few exchangers and platforms to run on their own
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This are good news, i have little IT knowledge, so maybe i will open my exchange and do marketing of it :P
Exciting news , yes i am build my own crypto exchange . The crypto market is too big for a few exchangers and platforms .
Thanks for sharing @dragosroua
Thanks to giving us learning information
Dear @dragosroua Thanks for sharing the article. I agree that crypto exchange is highly saturated currently as there are hundreds of exchanges out there who arrange trading for many coins on different trading prices. I believe setting up a new crypto exchange will require huge investment and quite unique idea which can attract users to its platform. Otherwise if one start with the same model which binance or bitrrex are using then no difference. One must have to come out with simething different and unique idea. What's your view on this ?
can't understand is it good or bad, might not be as secured like big exchanges.
This is very exciting news dragosroua. It will be a great opportunity for us. Thaks for your news and procedure.
It is a natural evolution of the market. Soon merges will start to appear so exchanges get more volume to compete or they will start disappearing. All in all, a clear sign of crypto moving forward.
At the end, it will help in mainstreaming cryptocurrency across the world. Something like franchising.
thank you for give us this kind of news
I like the idea. I just hope someone with the brains and the resources, and the ability to push through regulatory redtape will show up and maybe create a market with a fiat to STEEM capability.
Or is this not likely to happen, regardless, due to something about STEEM? It seems like the regs have been making it virtually impossible to do in the U.S. Or is that not true, either? It would be nice to know why STEEM isnt' available straight from fiat like Bitcoin, Ethereum and Litecoin. :)