Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets

Also Read: Czech Bank Launches Cryptocurrency-Friendly Services 

The president and chief executive officer of SBI Holdings, Yoshitaka Kitao, described Sepior as a “market leader in cryptography and threshold MPC,” praising the company’s facilitation of “secure online transactions without the classic reliance on a single trusted party.”

Ahmet Tuncay, the chief executive officer of Sepior, stated: “We are absolutely thrilled to be working with the SBI Group.”

“We are very excited to bring the Huobi blockchain and digital asset ecosystem to the Middle East, Africa, and South Asia. As Dubai is leading the blockchain effort in the region, it made sense for us to set up our Regional Head Office here,” said Davar.

Davar also announced that Huobi has established a team based in Dubai which will be tasked with facilitating “OTC trading, token-to-token trading, blockchain projects incubation, community development, and an educational center” targeting customers based in Africa, the Middle East, and South Asia. The beta version of the platform is live, currently hosting token-to-token and OTC trading.

Totte Löfström, the chief executive officer and founder of Trijo, praised Estonia’s regulatory framework for cryptocurrencies, stating: “We intended to work entirely from Sweden, but it does not work when there are so many better-tailored solutions abroad.”

Citing the benefits of being “one of the few” companies to receive the new Estonian licensing, Löfström stated: “It means greater security for our customers. They can be sure that we comply with laws and regulations for money laundering, but also that we have obligations to our customers that others do not have.”

Do you think that more major financial institutions like SBI will seek to offer cryptocurrency services? Share your thoughts in the comments section below!

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source: https://news.bitcoin.com/exchanges-roundup-sbi-to-develop-wallet-huobi-targets-new-markets/