Huobi develops its asset storage offering with new ‘cloud wallet’

Wallet Storage

Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management.

The new wallet feature removes the need for users to maintain their own private key through a third-party management system.

This not only simplifies wallet interaction but also removes the risk of owners forgetting or losing their private key, making their assets unretrievable.

The owner’s keys...