Huobi will also launch a fund after Binance

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Huobi, the third largest cryptographic exchange based on the world's daily trading volume, announced that it participated in the program, which was founded by China and South Korea partnership and will provide funding support to Blockchain companies.

Chinese investment firm New Margin Capital and South Korean investment firm Kiwoom Securities Co. Ltd. the partnership to which the companies will participate; It is said that Blockchain aims to offer $ 93 million in support to its initiatives;

As will be remembered, Binocent, one of Huobi's biggest competitors in the sector, will only use Binocain Coin as its investment medium $ 1 billion

The institution that funded four full crypto-money projects since moving the center to Malta in April, while the fund is being managed by Binance Labs, a subsidiary of the company.

In addition, Huobi has announced that it will market a crypto money-based ETF in the days we passed. The ETF has been mentioned to work with the market index, which the company has also recently launched into the market.

Huobi, a Singapore-based firm, is also working to open centers in London and San Francisco, while the company is also in South Korea a subsidiary.

Coin Telegraph

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Steemit: @engindagli