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The blockchain startups to grow bigger and faster. The move follows cancellation of a partnership between Huobi and SBI Holdings to launch cryptocurrency exchanges in Japan.
Huobi Labs, the incubator arm of Huobi, has entered into a partnership with Washington D.C.-based blockchain to help blockchain companies around the world and accelerate their development.
Founder of Huobi Labs Ted Que said they were exciting to partner with Digitalx100 to help blockchain startups to grow their business bigger, faster and hopefully more successful. He echoed the fact that blockchain will affect all aspects of the economy and society.
Huobi Labs is based in Beijing and Shenzhen and provides incubation services for blockchain startups. This includes services such as designing business models, project development, providing digital monetary funds and technical support.
The move follows SBI Holdings’ cancellation of a deal to partner with Huobi to launch two cryptocurrency exchanges in Japan. SBI said they will build their system with “robust security and sufficient processing capacity.”
Huobi China launched Huobi Labs and a Singapore-based professional portal offering peer-to-peer trading services after stopping onshore cryptocurrency exchange services in China. This is after the Chinese government banned cryptocurrency exchanges last year.
China was also back last week with more threats by blocking cryptocurrency exchanges after Binance suffered a major attack.