Cryptocurrency service providers are always looking to gain a competitive edge. A fair few exchanges are now moving well beyond trading services in this regard. Huobi Global has announced the launch of Huobi Prime, which will serve as a “selective token listing channel”. A lot of people seem to compare this to Binance’s Launchpad, which has become a rather big success in a very short amount of time.
The Purpose of Huobi Prime
It is obvious for everyone to see the cryptocurrency industry needs to keep evolving at any given time. For exchanges and service providers, there are numerous options to explore. It would appear a growing number of them show an interest in getting involved with token offerings. A bit of an unusual decision, as the regulatory stance on token offerings has never been too positive in any part of the world.
Keeping that information in mind, it is all the more interesting to see Huobi Global get in on the token action. More specifically, the company has confirmed they will launch Huobi Prime, which will…