In a press release posted on their official page, Huobi Pro, one of the biggest crypto exchanges in the world, announced a new spinoff, focused on providing what we may safely call "crypto exchanges as a service". Dubbed "Huobi Cloud", the new "business arm" of the company will allow potential partners to build their own crypto exchange with "little or no IT capability requirement".

According to the same press release:

Huobi Cloud will rely on Huobi’s existing digital asset exchange platforms, providing partners with the services of setting up OTC exchanges and currency exchanges with little to no IT capability requirement. Partners can share the order integration system, wallet system, asset management and clearing system of the Huobi Global platform, while at the same time connecting Huobi Global’s depth, liquidity, and market data.

The official website of the new business arm is here, if you're interested, and there is also a registration link.

For me, this move is a sign that the crypto exchange market is becoming a bit saturated. Looks like Huobi Pro came to a point where growing just by itself is becoming too expensive. Offering "crypto exchanges as a service" will allow them to keep growing, but at the cost of changing the upfront brand.

On the other hand, the saturation of a certain component of a market is also a sign of maturity. It's like in the early days of the web development, when an agency was doing everything: hosting, backend coding, frontend coding and design. As things evolved and as the web market grew, web agencies evolved in multi layered structures, each one specialized in a certain field: hosting companies, web programming agencies, web design boutiques and so on and so forth.

So, I see this news as a positive one, mostly because of what it tells about the point where the crypto industry, as a whole, is right now.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me Hive account@dragosroua.

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