Decentralized cryptocurrency Exchange BHEX Exchanges has concluded $ 15m financing with the support of major stock exchanges such as Huobi and OKCoin; the statement said in a statement on Cointelegraph on November 29.
According to the release, a new round of BHEX financing was conducted with the participation of large industrial players, including Huobi Global, OKCoin and Genesis Capital. The BHEX investment subscription attracted more than 70 investment institutions, while Blue Helix selected 40 for the first investment cycle.
In addition to digital asset exchange, the company provides custody and cleanup infrastructure using Blockchain technology. BHEX will be officially launched in the coming days.
BHEX exchange is safer and more credible due to its decentralized nature. The community will manage and preserve the assets on the platform through the BHPOS consensus mechanism. BHEX further explains:
"More specifically, storage of blockchain transactions, hot/cold segments segmentation, multi-tier signatures, and community property cleansing mechanisms." The proposed solution will enable decentralized management and oversight of asset custody while allowing interconnected settlements. "
Decentralized exchanges gain popularity due to their alleged security benefit and organizational structure that is in line with the decentralized ethics of cryptocurrency. The idea of decentralized exchanges is not new, platforms such as Waves DEX, BitShares, NXT, CounterParty already exist for a moment.
As previously mentioned in Cointelegraph, Huobi Global's subsidiary Huobi Japan Holding Ltd acquired the majority stake in Japanese BitTrade, one of 16 regulated cryptographic centers in the country. Officials Huoby and BitTrade want to develop a platform for expanding the global reach.
In September, OKCoin expanded Token Token Trading into 20 new US states. Jim Nguyen, Vice President of Marketing at OKCoin, said the stock market was working with regulators in each state to align with federal laws and state laws.