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On April 14th, Xinhuo’s MPC Self Custody Platform Joins Hands with Huobi: Understanding the Benefits of This Partnership

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On April 14th, it was announced that the MPC self custody platform under Xinhuo Technology Holdings Co., Ltd. (1611. HK) has officially entered into an Openloop clearing and settle

On April 14th, Xinhuos MPC Self Custody Platform Joins Hands with Huobi: Understanding the Benefits of This Partnership

On April 14th, it was announced that the MPC self custody platform under Xinhuo Technology Holdings Co., Ltd. (1611. HK) has officially entered into an Openloop clearing and settlement network cooperation with the crypto asset trading platform Huobi Huobi. Through this cooperation, it will effectively help users achieve the separation of fund security custody and trading behavior, allowing users to complete transactions with their own funds without leaving their self custody account, improving user asset security.

Huobi and New Fire Technology’s MPC self hosting platform have reached an OpenLoop settlement network cooperation

Introduction

On April 14th, 2021, it was announced that the MPC self-custody platform, under Xinhuo Technology Holdings Co. Ltd (1611. HK), has entered into a cooperation with the crypto asset trading platform, Huobi. This partnership marks an important milestone in the world of cryptocurrency trading and is expected to bring many benefits to users of both platforms. In this article, we will explain what this partnership is all about and how it can be beneficial for users.

Overview of the Partnership

The cooperation between the two platforms is aimed at enabling users to achieve the separation of fund security custody and trading behavior, which is a critical aspect of cryptocurrency trading. Through this partnership, users will be able to complete transactions with their own funds without leaving their self-custody account, thereby improving user asset security. The partnership will leverage the OpenLoop clearing and settlement network, which will enable secure and seamless transactions between the two platforms.

Benefits of the Partnership

The partnership between MPC self-custody platform and Huobi is expected to bring many benefits to users of both platforms. One of the key benefits is improved asset security. By enabling users to complete transactions with their own funds without leaving their self-custody account, the partnership will ensure that users can trade with confidence, knowing that their funds are safe and secure.
Another benefit of the partnership is improved efficiency. The OpenLoop clearing and settlement network will enable fast and seamless transactions between the two platforms, which will save time and reduce the risk of errors. This will make cryptocurrency trading more convenient and accessible to users.
Furthermore, the partnership will enable users to access a wider range of investment opportunities. With the integration of the two platforms, users will be able to access a broader range of assets that were previously not available. This will provide users with more investment options and opportunities for diversification.

How This Partnership Can Benefit You

If you are a user of either the MPC self-custody platform or the Huobi platform, this partnership can benefit you in several ways. Firstly, it will improve the security of your assets by enabling you to complete transactions with your own funds without leaving your self-custody account. This will give you peace of mind, knowing that your funds are safe and secure.
Secondly, the partnership will enable you to access a wider range of investment opportunities, which will allow you to diversify your portfolio and potentially increase your returns. With the integration of the two platforms, you will be able to access a range of assets that were previously not available, which could help you to achieve your investment goals.
Lastly, the partnership will improve the efficiency of your trades, enabling you to save time, reduce errors and make trades quickly and easily. This will make the trading experience more convenient and accessible for you.

Conclusion

The partnership between the MPC self-custody platform and Huobi is a significant development in the world of cryptocurrency trading. By enabling users to achieve the separation of fund security custody and trading behavior, the partnership will enhance the security of user assets while also increasing efficiency and expanding investment opportunities. As a user of either platform, this partnership can benefit you in many ways, enabling you to trade with confidence, access a broader range of assets, and improve the efficiency of your trades.

FAQs

Q: What is the OpenLoop clearing and settlement network?
A: OpenLoop is a secure and seamless network that enables efficient transactions between different platforms.
Q: How will this partnership impact the cryptocurrency market?
A: This partnership is expected to improve the accessibility and security of cryptocurrency trading, which could lead to increased adoption and expansion of the market.
Q: Is it safe to trade with MPC self-custody platform and Huobi?
A: Yes, both platforms have strong security measures in place to protect user assets and ensure the integrity of all trades.

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