News+

Crypto exchange Huobi to launch its own public blockchain for decentralized financial services

Quick Take

  • Crypto exchange Huobi is set to launch its own public blockchain network focused on decentralized financial services
  • Blockchain startup Nervos will help Huobi build the network called FinanceChain
  • FinanceChain mainnet is expected to launch in Q2 2020
Singapore-based cryptocurrency exchange Huobi is set to launch its own public blockchain network focused on decentralized financial (DeFi) services, following the lead of rival Binance. Huobi has partnered with blockchain startup Nervos for the initiative, it announced Monday. Together, they will build “FinanceChain,” which will allow financial firms and exchanges to deploy their own blockchains, […]

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly

Annual

$
per year
Join Now

Monthly

$
per month
Join Now

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

Binance Helps Take Down Cybercriminal Ring Laundering $500M in Ransomware

Over the past year, Binance has expanded its in-house AML detection and analytics capabilities. Based on research and analysis, as well as an understanding of cybercriminals' history and cashout tactics, Binance arrived at the conclusion that the biggest security problem in the industry today is money connected to cyberattacks being laundered through nested services and parasite exchanger accounts that live inside macro VASPs, including exchanges like Binance.com
Read Full Story
Sponsored Post

Okcoin is launching SATs mode as part of wider retail push

  Okcoin, which was founded in 2013, is doing something different in a crowded field of crypto exchanges: it’s going to allow clients to denominate trades in bitcoin in units of satoshi, rather than BTC.  On this episode of The Scoop, Okcoin CEO Hong Fang joined host Frank Chaparro for a discussion on Okcoin’s rapid […]
Read Full Story
Sep 27, 2021, 5:27PM UTC
More