Huobi will launch partner exchanges in Russia, Canada, Taiwan, Indonesia and Philippines

A Chinese crypto exchange Huobi has announced that it has chosen five partners to launch cryptocurrency exchanges in Russia, Canada, Taiwan, Indonesia and the Philippines. The partners will share Huobi’s order integration system, wallet system, asset management and clearing systems.

The five partners include Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings (AIF) and Dbank Group. Each of the partners will use the Huobi cloud so set up a new crypto exchange in the aforementioned countries.

Huobi has given a rough schedule on when these partner exchanges will be launched. The one in Bali,Indonesia will be launched on August 22. The one in Taiwan will be called Shubao Digital Asset Exchange and will launch on August 26. The one in Moscow,Russia will launch on September 3 and there is no information on the launch date for the one in Canada.

The only exchange that has already been launched by one of the partners is the one in Manila, Philippines and is called Huibi. It was launched on August 12th and is co-founded by Ya-tai International Holding Group. Huibi has three markets on its platform – Tether (USDT), Bitcoin (BTC) and Ethereum (ETH). Eight trading pairs are available for the USDT market, seven for the BTC market and 26 for the ETH market. This exchange has no fiat support.