Huobi Group, two days ago, announced the launch of the blockchain firm’s Blockchain Assets Center. The new wing will be in charge of selecting, and managing digital assets to be listed on the company’s cryptocurrency exchange platform.
On Friday, the 11th of May, one of the world’s leading digital assets, and blockchain operations, Huobi Group, announced the launch of their Blockchain Assets Center. The new wing of the multinational crypto operator will be dedicated to selecting, and managing asset listing on the Huobi trading platforms, offering a more streamlined route to market for prospective projects.
It is a widely noted fact that the digital assets exchange industry currently enjoys minimum – if any – regulation. As a result, the listing processes and other key practices of cryptocurrency exchange platforms remain unstandardized. This could lead to different projects enjoying more favorable listing conditions, while others find themselves forking out an arm and a foot to reach new holders – among other problems.
Huobi’s launch of the Huobi Blockchain Center is an attempt, by the firm, to address this issue and drive the development of standard practices within the industry. Through the department, projects looking to be listed on Huobi will enjoy a standardized vetting process, which will streamline, and speed the path to listing.
The Blockchain Assets Center’s responsibilities will involve:
Project Identification, which will have the Huobi team collect all key information surrounding a project (project & team information, source code evaluation, etc.)
Internal Assessment, where Huobi will evaluate all collected information of selected projects.
Project Evaluation which sees Huobi moving from paperwork to checking out the project’s reputation through social media and other channels, in order to gain a picture of potential issues that might arise with the project.
Project Launch, which needs no detailing.
Through the Huobi Blockchain Assets Center, Huobi also intends to excecise its commitment to fostering the growth of the digital assets industry, through investing, incubating, and advising innovative projects.
