February 28, 2023 – Singapore, Singapore
Huobi, a virtual asset trading platform, announced to join the BTTC (BitTorrent Chain) ecosystem and to support the development of a layer two network based on BTTC. The goal is to promote an on-chain open financial system.
BTTC, the layer two solution for Ethereum, TRON and BNB Chain, was launched in December 2021 with ZK (zero proof of knowledge) technology to be introduced later this year.
This enables users to build decentralized applications anywhere and provides a secure, low-cost and fast development environment for DAppsthus creating an on-chain open ecosystem.
At its core, BTTC is a cross-chain solution that enables seamless asset exchange through digital asset connectivity of mainstream public chains such as Ethereum, TRON and BNB Chain, spanning a super network linking all blockchains.
The addition of Huobi to the BTTC ecosystem will further promote the development and usage of decentralized applications on-chain and enhance the exchange’s own ecosystem.
Huobi has over 50 million users across the globe with over $100 trillion in cumulative assets traded. The exchange enables blockchain developers to serve a great number of verified users and connect voluminous digital assets worldwide.
According to a report released by Huobi Research Institute at the end of 2022, global crypto users have reached 320 million. Huobi has the capacity to provide virtual asset trading services to hundreds of millions or even billions of users worldwide through the BTTC layer two.
H.E. Justin Sun, member of the Huobi global advisory board, said,
“Huobi joining the BTTC ecosystem reflects the industry’s latest focus on layer two developments and also demonstrates the pioneering status of BTTC among its peers in the field of building a complete and pragmatic layer two cross-chain network structure and platform.”
By supporting the layer two network developments of mainstream public chains including Ethereum and TRON, Huobi provides an open, secure and diverse environment for all relevant developer teams. As such, users of the Huobi trading platform also enjoy first-hand access to the best quality projects.
In November 2022, Huobi completed its brand upgrade, launching a new growth strategy.
The exchange seeks to promote responsible use of crypto for a wide range of users, and educate more people about everyday crypto adoption by introducing them to an ever-changing network of quality digital assets, ensuring the free flow of value created by each individual as a global citizen.
Huobi values the voice of its community and creates every opportunity for users to participate in the early stages of quality projects. The addition of the BTTC layer two ecosystem will certainly create new synergies that in turn nurture further growth of Huobi.
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets.
Please refer to Huobi’s official website here for more information.
Michael Wang, Huobi
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