The global crypto exchange Huobi launches a crypto asset custody platform. – Coinnounce

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 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